A clear Pattern is near to delivery: Inverted Cup & HandleA clear Pattern is near to delivery: Inverted Cup & Handle looms over DJT technicaly. And ist similar to the biological patterns.
DJT trade ideas
7/1/24 - $djt - meme move incoming on biden out?7/1/24 :: VROCKSTAR :: NASDAQ:DJT
- valuation makes no sense, you know, i know, he knows, everyone knows
- but i've commented on a bunch of these memes/ catalysts lately
- if biden is going to drop out, sooner is advantageous for his party esp after last week
- sources reporting this could be case, just preparing presser?
- benefits the NASDAQ:DJT pump?
- OTM calls expensive, but ATM not awful $2.25 for the 7/5 23C given potential imminent catalyst (early this week?)
- downside probably 50% given the high IV if this doesn't happen in the next day or so
- upside should be a several bagger - 2x minimally, which would indicate it's a +ve NPV trade
- literally bot one contract to play the meme
- just flagging in case anyone else has similar or ideally totally diff POV
- slow earnings week ha
V
Yet again Trump shows his true colorsTrump Media shares plunge 17% with newly available DJT shares set to dilute stock value. Trump Media in a prospectus filed Tuesday with the SEC said that up to 14,375,000 additional shares would be issuable upon the exercise of those warrants. Which are Redeemable Warrants, each whole warrant exercisable for one share common stock at an exercise price of $11.50.
So i'll give you 1 guess who will get those warrants, hint NOT the common shareholders, Trump and his insiders which will be quickly exercised to common and dumped. I'll give you 1 guess as to the SUCKERS that will buy the shares they dump, hit it's YOU the common shareholder, or true believer...... unfortunately will never learn their lesson.
Trump Media Tumble After Ex-President Found Guilty in NYCTrump Media & Technology Group, ( DJ:DJT ) the owner of Truth Social, experienced a slump in shares after former President Donald Trump was found guilty in his hush money trial. A New York jury found Trump guilty of falsifying business records in a scheme to illegally influence the 2016 election through hush money payments to a porn actor who said the two had sex. Trump Media's stock fell about 9% in after-hours trading on Thursday as news of the verdict emerged. The stock, which trades under the ticket symbol "DJT," has been extremely volatile since its debut in late March and has been prone to ricochet from highs to lows as small-pocketed investors attempt to catch an upward momentum swing at the right time.
Trump Media ( DJ:DJT ) reported that it lost more than $300 million last quarter, according to its first earnings report as a publicly traded company. For the three-month period that ended March 31, the company posted a loss of $327.6 million, which it said included $311 million in non-cash expenses related to its merger with a company called Digital World Acquisition Corp.
Trump Media & Technology ( DJ:DJT ) fired an auditor this month that federal regulators recently charged with "massive fraud." The media company dismissed BF Borgers as its independent public accounting firm on May 3, delaying the filing of its quarterly earnings report. Trump was charged with 34 counts of falsifying business records at his company in connection with an alleged scheme to hide potentially embarrassing stories about him during his 2016 Republican presidential election campaign.
The almost 10% stock price drop amounts to a $330 million decline in the value of Trump's shares. Trump's net worth was $7.5 billion Friday morning, making him the 356th-richest person on the planet. A majority of Trump's fortune stems from his $5.6 billion stake in Trump Media, holdings that were worth $5.9 billion as of Thursday.
Trump Media ( DJ:DJT ) went public in March via a reverse merger with a blank-check company after two years of regulatory and legal hiccups. In its two months on the public markets, Trump Media has performed shockingly well, with its after-hours share price still about 25% higher than its blank-check predecessor's stock traded at before the merger's completion.
The stock is down from its All-time high of $80 now trading at $48.90 down by 5.5%.
DJT to 2x-5x in 2024Following this INJ/USD fractal very nicely. Nice corrective structure on the 4H looks complete and ready to resume upside. recent Trump conviction likely to drive price higher too as more money jumps in to support him leading up to the election.
Trump Media Stock Drops 8.27% After Reporting $327.6M Q1 LossTrump Media & Technology Group ( NASDAQ:DJT ) stock fell 8.27% after reporting a $327.6 million Q1 loss, marking its first quarterly report as a public company. The company, which operates the social media network Truth Social, generated just $770,500 in revenue for the first quarter, with a net loss of $210.3 million in the first quarter of 2023. The company stated that it is more focused on developing new products as a young company like a streaming TV platform rather than quarterly revenue.
In addition to the Truth Social platform, TMTG plans to introduce new products like streaming platforms for Apple and Android devices, as well as a streaming app for TVs. The company has recently signed contracts with a data center and hardware provider as it progresses toward launching its streaming venture.
The company initially announced plans to go public in October 2021, planning to merge with special purpose acquisition company Digital World Acquisition Corp. After SEC investigations delayed those plans, the merger was completed in March 2024, paving the way for TMTG to debut on the Nasdaq under the stock ticker "DJT," Trump's initials.
TMTG's stock has been on a roller coaster of highs and lows in its first two months as a public company, with a peak on March 26 at $79.38 and a final session 16% higher at $57.99. The company reported a $58.2 million loss for fiscal 2023 and filed to issue millions of new shares, sending the stock down to $22.55 on April 16. However, shares rebounded after the company told regulators it believed "naked" short selling of its stock was impacting its price.
DJT - Range bound for nowDJT has had some wild swings lately. Impressively DJT pushed deep into overbought territory on the longer duration weekly timeframe. The company is sitting on under $400K of cash and carries a debt load of nearly $6.8M!
From a technical standpoint how can we take a view of where the price might go next? With all the noise the monthly timeframe is where I think we start to get a clear view for now. It looks like price could be settling into a range, momentum cooling for a while.
Folks thinking about shorting the company may want to wait until the price gets back towards the top of the range, and consult the momentum when that happens. Otherwise, I'd be patient and let this thing settle into something recognizable.
DJT - Meme Season is Here :DDJT has some crazy short float percentage. Currently around 193%.
Let me be clear, the fundamentals of this company are just simply bad.
This is not for the faint hearted and this idea is pure gamble and sentiment play.
Looks like we have entered meme season and election is coming up. Trump supporters might be ready to buy this hand over fist and everyone likes a good short squeeze!
GME and AMC are up like 50% in pre market and DJT is meandering around this short term rectangle.
I will be monitoring the 55 area and willing to put in a small size with stops below 50.
Trump Media Investor Guilty of Insider TradingA financial executive, Bruce Garelick, has been convicted of enabling his boss and others to make over $22 million illegally by trading off his tips ahead of the public announcement that an acquisition firm was taking former President Donald Trump's media company public. Garelick was convicted of tipping others in 2021 to news that the special purpose acquisition company, Digital World Acquisition Corp., was merging with Trump Media & Technology Group. Garelick sat on DWAC's board. His co-defendants pleaded guilty before trial, admitting to making over $22 million illegally.
The indictment against the men did not implicate Trump or Trump Media & Technology Group, ( NASDAQ:DJT ) which owns his Truth Social platform and began trading on the NASDAQ stock market on March 26. Garelick, former chief investment officer of New York-based venture capital firm Rocket One Capital LLC, was convicted of insider trading charges and is scheduled to be sentenced in July.
Garelick insisted that he did not possess any secrets about the potential merger when he bought securities in DWAC, which eventually enabled him to earn nearly $50,000 in profits.
🚨$DJT: It's Not Over Part 2! Update! Hey everyone,
As mentioned earlier, DJ:DJT showed potential for a bullish move with a weekly crossover above the monthly, signaling strength in the coming weeks/month. On Friday, DJT achieved the weekly crossover over the monthly for the first time! When MTTSA indicators crossover to the upside, it indicates a significant price acceleration. For instance, in January, when the hourly crossed over the monthly, the price surged by approximately 100%. Subsequently, when the daily followed suit, the stock experienced another robust uptrend.
Our initial price target stands at $57. We anticipate some resistance at this level, although the stock has already breached the 0.236 and tested the 0.382 levels. A decisive breakthrough from here would likely lead to tests of the 0.5 and eventually the 0.618 levels.
It's worth noting that there's a gap to be filled around $61.
Metric Pro indicator is suggesting that liquidity is very good and price will continue to the upside.
In conclusion, we're keeping an eye on the daily for support, with significant support levels at the weekly and monthly. It turns out, the markets don't really care about your thoughts and feelings because the algorithm is pointing a bullish run very soon. Stay tuned!
DJT Point of Control Holds SupportIf I was oblivious to what NASDAQ:DJT was and someone asked me to look at it on stream I would say it was messy but a buy.
Price has recaptured the Volume Profile Point of Control, tested it as Support twice, and is rising.
I consider the stock an election year fun ticket more than an investment. One could play it as a proxy for poll numbers from now until November.
DJT - POOTSGAP FILLED, Hit my supply and i am in for a nice ride down.
EOM Expiration 27 strike. Good luck all.
BF Borgers auditor for Trump Media - Coincidence don't think sowww.washingtonpost.com
Now they need to find a reputable firm, the financials will be more reflective of the ACTUAL heath of the company
DJT LongAfter retracing about 61% from the most recent down wave that started at 79 to about 23. The market has become slightly exhausted after its reversal upward. A small retracement has starterd but volume and market structure does not appear to support a move down. 38 dollars is the buy zone
DJT to the downside in the shorterm???Watching DJT to the downside short term. DJT has just retraced to the Golden Zone and bounced of the 618
SEC Charges Trump Media Auditor With Massive Fraud Stock Slides The US Securities and Exchange Commission (SEC) has charged former president Donald Trump's auditor, Benjamin Borgers, with a "massive fraud" and a "sham audit mill." The SEC alleges that Borgers did not properly prepare and maintain audit documentation, fabricated audit planning meetings, and passed off previous audits for the current audit period. The SEC claims that Borgers and his firm were responsible for one of the largest wholesale failures by gatekeepers in financial markets, putting investors and markets at risk and undermining trust and confidence in markets.
Of 369 BF Borgers clients whose filings from January 2021 through June 2023 incorporated BF Borgers' audits and reviews, at least 75% incorporated audits that did not comply with the SEC's rules. The company acted for Trump Media ( NASDAQ:DJT ) during the period of the SEC's complaint. In late March, Trump Media merged with a publicly traded shell company, Digital World Acquisition Corp, in a deal that valued the minnow social network at close to $8bn. The company now trades under the ticker symbol "DJT", using Trump's initials.
Trump Media's shares ( NASDAQ:DJT ) have fallen sharply since their debut but have continued to significantly boost the former president's wealth. The company is now valued at more than $6.5bn, with Trump as the company's largest shareholder and recently qualified for a bonus for the company's share performance that boosted the paper value of his stake to $3.7bn.
DJTwe'll have to wait to see what happens, but we have very good momentum.
$80-90 does not look out of the question. target goal $176. Lets go!
Typical pump and dumpFundamentals haven't changed ! Rally will be short lived once people realize that the only ones purchasing are the same small group caught up in the meme hype,
DJT (formerly DWAC) chart. Rounded Bottom Pattern:
The DJT chart appears to be forming a rounded bottom pattern. This pattern is generally considered bullish and suggests a potential reversal of a downtrend. Here's a breakdown of the key characteristics:
U-Shaped Price Action: The price action forms a "U" shape, with a gradual decline to a low point and then a gradual rise back up.
Lower Lows and Higher Highs: The lows in the pattern are typically shallower than the initial decline, and the highs after the pattern are higher than the peak before the decline.
Targeting New Highs?
By measuring the height of the rounded bottom and adding it to the breakout point above the pattern's neckline, some analysts estimate a target price for DJT that could potentially reach a new all-time high.
Important Considerations:
Technical Analysis Limitations: Technical analysis is a helpful tool, but it's not a guaranteed predictor of future price movements. Other factors like company fundamentals, broader market sentiment, and news events can influence the stock price.
Recent IPO: DJT is a relatively new company that recently went public through a merger. New companies can be inherently volatile, and past performance doesn't necessarily guarantee future results.
🚨$DJT: It's Not Over Yet! 🚀🚀🚀Hi everyone,
Despite a significant drop of 21% today, our indicators suggest the downtrend might not persist. A rebound above the daily level could signal a bullish trend, potentially leading to a weekly cross above the monthly. This could aim the price towards the $63 mark, aligning with the 0.618 Fibonacci resistance level. Conversely, if the price dips below the daily level, the monthly level could offer support. Let's see where this goes in the next few weeks.
Good luck!
DJT perfect rejection at golden fibDJT rejected at a fib level today down to the penny. This has been a super volatile stonk and will likely see some more downside next week after this fib bounce. PING. Thanks to Euromotif for sharing his fib system.
Fade Opportunity After Short SqueezeI see this reassuming an old down trade from resistance 1 trend line. Short Squeeze pop over resistance 2 trend line provided the opportunity resume down trend.
DJT 42524Confirming the breakout and appears to have a small cup and handle breakout. Target is 48 but could be a vote with your dollars move. Send this thing to the moon. Biden OUT . Trump in. The lesser of two evils.
