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Trump Media & Technology Group Corp.

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DJT trade ideas

DJT - Parabolic Move IncomingPolitics aside, NASDAQ:DJT is about to begin the most insane of rallies. This chart for me is as clean as they come! Recent Price Action The last 2 days of October saw a ~45% correction, completing an Elliott Wave 2 correction. This after a bullish initial Wave 1 formation saw it go beyond even the most bullish of bullish initial price targets, in just 2 weeks flat. Price had prior to that been compressed inside a downwards-pointing wedge pattern (orange lines), since late March 2024. Over-shooting below it even, which is one of my most favourite bullish chart patterns. After breaking out of that, it is now not-only putting the finishing touches to an Inverse Head & Shoulder pattern (grey lines)... but when it does so it will also complete a massive Cup & Handle formation (white arrows). Future Price Targets The initial target (T1) from this move would be $570 (18x) in a very short period, perhaps even just 2 months. This would coincide with the 1.414 fibonacci level from the previous introduction of this stock (formerly DWAC) to public markets. Thereafter, an extended 5th wave target of $1,030 (33x) could be reached somewhere between early February and late May 2025. This coincides with the 1.618 fibonacci level (darker blue T2 line). Price as of today has back-tested the red horizontal line, in very quick fashion. This is the 0.382 fibonacci level. Next Up... Price may well end-up sideways on Monday and going into Tuesday's pivotal election day - which may allow the RSI to come back a little more to the mid 40s on this timeframe, to retest the RSI bull zone for support. From there I expect late Tuesday early Wednesday NASDAQ:DJT will have had a sufficient amount of time to cool-off - such that we can call the completion of a Wave 2 correction. Before the hugely exciting 3rd & 5th waves await us. Possible Elliott Waves Wave 1 - $12 to $55 Wave 2 - $55 to $30 Wave 3 - $30 to $570 Wave 4 - $570 to $140 Wave 5 - $140 to $1,030 Sounds ridiculous, right? Short squeeze, or election euphoria - call it what you want. But if you thought you'd seen NASDAQ:DJT volatility in recent days, think again. This is an incredible opportunity - with many many patterns aligning. NASDAQ:DJT has a lot of room to the upside still from here. Not sure this stock can any longer be suppressed.
NASDAQ:DJTLong
by DigiDavid
18
Trump wins? $DJT to fall into election, then rally after?I've been watching the DJT chart for a while now. I originally took a trade at $17 with intention to hold, but got scared out of the position on the loss of $16. It ended up bottoming at $13. Since then, it's gone 3x with people anticipating a Trump win. We've corrected in the last few days and the chart looks like it wants to see more downside into the $27-20 levels. That's where I'll start scaling into positions in both spot and calls. To me, that looks like a great buying opportunity. On higher timeframes, it looks like the stock is getting ready for a large move above $100 post election. Let's see how it plays out over the next week.
NASDAQ:DJTLong
by benjihyam
21
DJT a winner in life. A winner in the market? Hello Traders, Quite obvious large wedge pattern emerging here, with price action sitting on a solid support. If it breaks support below shown on the chart, we will more likely than not, come down between $10 & $11. This would have course be our best entry point. Could it happen? OF COURSE, this is why we do TA! It is to assure we have a plan for all possibilities and minimize risk along the way! That being said, where price action is currently, we could very likely start next week with a green candle and continue it through mid week and if so my plan is to start buying some contracts If the week closes green. Possibly a few if we get two green closes M & T. it’s very likely to break out in the next month or two. Maybe within another 1-2 weeks. If we see a solid green candle close next week. In addition, look at that massive sell volume that couldn’t even break support. My money is on the bounce and then breakout here where we stand! Best of luck and always follow the path of less resistance and have a plan for a diverging outcome! This is law if you want to be consistently profitable! Stay Profitable, Savvys
NASDAQ:DJTLong
by Crypto_Kinfolk
6
DJTThe DJT stock has broken the key support level of $12.34 and has risen to test the broken ascending channel and the supply zone from which it has previously declined multiple times. It is natural to expect a strong drop from this zone. We anticipate a decline towards the demand area, potentially with corrective movements during the descent or a direct drop. Once we reach the demand zone, we will update the chart and wait for entry signals or a breakout to form a new bottom.
NASDAQ:DJTShort
by IbrahimTarek
4
DJT doesn't go much higherMODs have suggested that I provide more detail about the picks I make. Sorry. I'm not as verbose as y'all, and I don't like things to be complicated. My trading plan is very simple. I buy or sell at top & bottom of parallel channels. I confirm when price hits Fibonacci levels. Bonus if a TTM Squeeze in in play. I hold until target is reached or end of year, when I can book a loss. So... Here's why I'm picking this symbol to do the thing. Price at top or near top of channels (period 100 52 39 & 26) Stochastic Momentum Index (SMI) at overbought level VBSM is peak positive Price at near Fibonacci level In at $34.27 Target is channel bottom Stop loss is $34.27
NASDAQ:DJTShort
by chancethepug
1
DJT bounce @ $28.15 to $38.28MODs have suggested that I provide more detail about the picks I make. Sorry. I'm not as verbose as y'all, and I don't like things to be complicated. My trading plan is very simple. I buy or sell at top & bottom of parallel channels. I confirm when price hits Fibonacci levels. Bonus if a TTM Squeeze in in play. I hold until target is reached or end of year, when I can book a loss. So... Here's why I'm picking this symbol to do the thing. IF price reaches $28.15... (set your limit order) DJT would be at bottom of 3 channels (period 52 39 & 26) sloping upward Stochastic Momentum Index (SMI) near oversold level VBSM remains positive Price at near Fibonacci level of 0.382 In at $28.15 Target is $38.28 or channel top Stop loss is $27.15 price COULD drop to $20 (52 period channel) or $6.50 (100 period channel), if there's no bounce
NASDAQ:DJTLong
by chancethepug
2
Trump Media Stock Update: Short-Term Opportunity?It’s essential to understand that recent volatility in Trump Media’s stock price is driven more by speculation surrounding Donald Trump’s potential election win than by the company’s own financials, reports, or fundamentals. The stock, which once peaked at $175 even without Trump in office, reflects the anticipation tied to his election campaign. Should he win, it could potentially bring even higher valuations. Currently, the stock has tumbled from around $54 to $30, a price that many now consider cheap. This sharp decline of nearly 44% might create a short-term buying opportunity for those who anticipate a rebound.
NASDAQ:DJTLong
by Charts_M7M
DJTThe DJT stock made a strong upward move, breaking through the descending trendline shown in the chart around $28. It completed Wave 1 at $54.5 and then rose to a strong supply zone that we had previously warned about as the reason for the decline in the previous post, marking Wave A. It then dropped in a corrective move to the demand zone we had mentioned earlier and has now risen strongly in Wave B. Currently, we are in Wave C.We are now waiting for a strong buying zone, a cluster formed by the intersection of the descending trendline, the demand zone, and the completion of a harmonic buying pattern, which lies between $20.94 and $18.54(PRICE ACTION). The stop loss is set at a weekly close below $17. Our target is Wave 3, aiming for a breakout above the last peak at $54 Tthen 80$. This is the bullish scenario. The bearish scenario would be triggered by a weekly close below $17, but this possibility remains unlikely for now.
NASDAQ:DJTLong
by IbrahimTarek
Trump Stock DJT Has Had a Wild Week. What Does Its Chart Say?Former President Donald Trump’s Trump Media & Technology Group NASDAQ:DJT has been all over the map this week as we head toward Election Day, up 20% one day and down 10% the next. Let’s check out its technical and fundamentals. Trump Media & Technology’s Fundamental Analysis DJT -- parent firm of Trump’s Truth Social social-media site and other assets -- has publicly traded for about seven months now since going public via a merger with a special purpose acquisition company. Wall Street expects DJT to report quarterly earnings around Nov. 8, but I personally don't think prospects for what the firm releases that day are having much to do with how the stock has been trading. I don't know of any sell-side analysts who cover the stock, so there are no earnings estimates that I’m aware of. In terms of recent fundamentals, DJT posted a $0.10 GAAP net loss per share for its June quarter on about $800,000 of revenue. Operating cash flow printed at a negative $21.4 million, but that cash burn appears to be of little concern to DJT given that the company’s balance sheet appears to be in good shape. DJT had $344 million of cash on hand and $353.5 million of current assets as of June 30. Current liabilities added up to $14.3 million for a current ratio of 24.72. You know what’s traditionally good enough to pass muster with many investors? A current ratio of 1.0. In other words, Trump Media appears to have an incredibly strong balance sheet for a business of its size (i.e., very small). In addition, there’s no debt on the firm's balance sheet. So, if fundamentals don’t move the stock, what does? First, it seems like shares rise or fall on any headline regarding the former president and his prospects for winning back his old job in next week’s election. Second, I suspect that today’s algorithms are designed to force an overshoot up or down for any stock where that can be done – and DJT certainly seems like such a stock. DJT’s Technical Analysis Now let’s look at Trump Media’s six-month chart through midday Thursday (Oct. 31): Readers can see that DJT broke out in mid-September from a so-called “falling wedge,” which is historically a pattern of bullish reversal. The stock bottomed at $11.75 and broke through both its 50-Day Simple Moving Average (or “SMA,” denoted by the blue line above) and its 200-Day SMA (the red line above) like a hot knife through butter. In cases like this, many investors will use a stock’s 200-Day SMA as a pivot point, as the 200-day line is senior to the 50-day line. And in this case, the 200-Day SMA has a higher price level -- $35.80 for the 200-day line vs. $22.80 for the 50-day one. At the time that DJT cracked the 200-Day SMA, it stood close to the $35 level. Hence, $35 appears to have become the stock’s potential pivot point. Meanwhile, DJT’s Relative Strength Index (the gray line at the chart’s top) is narrowing, but was still sending a somewhat strong signal of about 56 as of Thursday afternoon. Separately, the stock’s daily Moving Average Convergence Divergence index (or “MACD,” denoted by the black and gold lines and blue bars at the chart’s bottom) looks historically very bullish. The histogram of Trump Media’s 9-Day Exponential Moving Average (or “EMA,” denoted by the blue bars above) has been well above zero for more than a month now. Meanwhile, the stock’s 12-Day EMA (the black line above) is running above DJT’s 26-Day EMA (the gold line). That’s all typically bullish. Still, DJT’s chart as a whole is telling me that technically speaking, the stock is close to fairly priced based on its recent $35 pivot point. (Shares were trading at $36 on Thursday afternoon as I wrote this.) However, there are a few days to go before this election cycle closes, and a new pivot to the upside formed at Wednesday’s intraday high of $54.68. The downside pivot is now DJT’s old upside pivot of about $35 (its 200-day SMA). Crack that line and help could potentially next show up for the stock at its 21-Day EMA and 50-Day SMA. (Stephen “Sarge” Guilfoyle is Moomoo Technologies Inc.’s markets commentator. At the time of this writing, he had no position in DJT.) This article discusses technical analysis, other approaches, including fundamental analysis, may offer very different views. The examples provided are for illustrative purposes only and are not intended to be reflective of the results you can expect to achieve. Specific security charts used are for illustrative purposes only and are not a recommendation, offer to sell, or a solicitation of an offer to buy any security. Past investment performance does not indicate or guarantee future success. 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NASDAQ:DJT
by moomoo
1
DJT - Social truth, or financial truth?This is a difficult case to analyze, as it depends so much on one individual. The hard facts can easily be overthrown by single events, and so NASDAQ:DJT might be highly volatile. If one should try to look at the hard facts, such as financials and technical, it is a hard sell. Barchart.com rates it as a Strong Sell, Tradingview has it as a Sell with only 3 of 22 indicators saying buy. Zacks doesn’t even rate it. Looking at the chart, it is definitely a short. Price has been dropping since May, and the trend is clearly down. Price has gone up the last week or so, and some indicators (MACD, RSI) have turned up. Price has reached the top of the down channel, and a push down could be expected as I believe the rise lately is not sustainable. Because this is a stock that is solely dependent on one person, there could be irregular and unexpected moves in the stock. Said person might also win an election next month, and this might affect the stock. So be aware of non-stock related events. Judging on financials and price behavior, this stock is a sell. I will not set a target, as the price is at a low and the level it was at for a very long time up until January this year. It remains to be seen if this level holds, if price keeps following the channel we are looking at a price around $8. I believe this is not at all outrageous, given the financial state of the company, but it is uncharted territory so I will not set it as a target. Disclaimer: I am not a US citizen. I have no political inclinations, my analysis is purely based on charts and financial statements.
NASDAQ:DJTShort
by WeRideAtDawn
4