DJT - POOTSGAP FILLED, Hit my supply and i am in for a nice ride down.
EOM Expiration 27 strike. Good luck all.
DJT trade ideas
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.
Trump Set to Receive Bonus Worth $1.2Bn for $DJT PerformanceFormer President Donald Trump to receive a staggering $1.2 billion bonus, courtesy of the performance of his social media venture, Trump Media & Technology Group (TMTG). Despite the tumultuous journey of $TMTG's stock value, Trump stands to benefit substantially from an "earn-out" windfall, underscoring the complexities of his post-presidential financial landscape.
The bonus, predicated on TMTG's shares maintaining a threshold value of $17.50 for a specified period, catapults the paper value of Trump's stake in the company to a staggering $3.7 billion. This windfall comes at a crucial juncture for Trump, as he grapples with mounting legal challenges and substantial financial liabilities stemming from civil lawsuits.
However, TMTG's stock performance has been far from steady, mirroring the tumultuous nature of Trump's post-presidential endeavors. Despite an initial surge following its debut on the Nasdaq stock exchange, TMTG's stock value has experienced sharp declines, punctuated by bouts of volatility and speculation.
The company's CEO, Devin Nunes, has hinted at potential market manipulation by short sellers, further adding to the intricacies of TMTG's stock saga. Additionally, political scrutiny looms large over TMTG, with allegations of influence peddling and financial backers drawing the attention of lawmakers and regulatory bodies.
Amidst this backdrop, Truth Social, TMTG's flagship platform, has emerged as a focal point for Trump's communication with his supporters. Despite its relatively modest user base compared to established social networks, Truth Social has carved out a niche within the right-wing digital sphere, amplifying Trump's voice and agenda.
As Trump navigates the complexities of his legal battles, including a landmark criminal trial, the financial windfall from TMTG serves as a testament to the intertwined nature of politics, media, and finance in the modern era. With each fluctuation in TMTG's stock value, Trump's fortunes wax and wane, reflecting the broader narrative of his post-presidential legacy.
As the saga of Trump Media & Technology Group ( NASDAQ:DJT ) continues to unfold, one thing remains certain: amidst the turbulence of the market and the corridors of power, the intersection of politics and finance continues to shape the trajectory of one of America's most polarizing figures.
DJT STOCKS BULLISH SENTIMENT SPOTTEDA weekly strong bullish bar would suggest more buyers interested in the shares of the company.
The only true winner is.......Trump... latest news
'No-Lose Deal For Donald Trump,' Says Expert On Ex-President's $1.1B Stock Bonus Deal With DJT
Just issued him self a SWEAT HEART DEAL... on the backs of so called retails investors
Trump Media & Technology Group ($DJT) Rose Over 9.61Shares of Donald Trump's media and technology company, Trump Media & Technology Group (DJT.O), rose over 9.61% on Friday after it asked the Nasdaq exchange to help prevent alleged market manipulation in its shares by so-called "naked" short sellers. The company disclosed this in a Friday filing with the Securities and Exchange Commission.
In the letter to Nasdaq CEO Adena Friedman, Trump Media CEO and former Congressman Devin Nunes suggested that the "naked" short-selling practice was to blame for the highly volatile nature of the company's shares. Short selling involves borrowing a stock to sell it on the expectation that the price will fall, then repurchasing the shares and pocketing the difference. "Naked" short-selling, which is generally illegal in the United States, involves selling shares without first borrowing them or determining they can be borrowed, creating the risk that the seller may not be able to deliver the shares.
Trump Media shares have been volatile and, in recent days, have hovered at nearly half their March 26 debut closing price of $57.99. "Reports indicate that, as of April 3, 2024, NASDAQ:DJT was 'by far' the most expensive U.S. stock to short," Nunes said in the letter, citing a CNBC report from April 3. He did not provide evidence of naked short-selling but noted that as of April 17, DJT was on Nasdaq's Reg SHO threshold list, which he said is "indicative of unlawful trading activity."
The threshold list is comprised of securities that have failed to clear for five consecutive settlement days, which can indicate naked short-selling or administrative or technical issues. Nunes did not accuse any specific firms or individuals of naked short-selling but noted that "data made available to us indicate that just four market participants have been responsible for over 60% of the extraordinary volume of NASDAQ:DJT shares traded: Citadel Securities, Virtu Americas, G1 Execution Services, and Jane Street Capital."
Chick-fil-aThis has less revenue than a busy Chick-fil-a franchise AND given Trump will bail ship before this hits 0 to unlock his shares allowing him to sell, given his son and a few prior admin staff are on the board, it's a fait de complete. Most if not all shareholders are in it not as a valid investment, they believe Trump will save them and make them rich.... the ONLY investors that are going to walk away with any profits are Trump and the insiders who are bailing out while the stock is above $0, Chart says it all.
DJT: For whom enjoy pump and dumpDJT: For whom enjoy pump and dump
-Demand zone.
-Candle pattern.
-Volume confirmed.
DJT Dead Below $32 | Bullish Above $32Unbiased scenarios for DJT media of Truth Social, based on simple conditions of holding or losing a neckline at 32 bucks.
Below $32 = Bearish:
A weekly close below $32 that isn't immediately recovered in the following week likely means it is headed further down towards 12.50. There is an unfilled gap around ~17.50-18.50, so at the very least it could revisit that area.
Above $32 = Bullish:
Should the weekly remain above $32 instead, expect to see it revisit $82 with an eventual weekly close near that level, and then continuation up towards $132
Best of luck!
Trump Media's Truth Social Sink Amidst Share Registration FilingFormer President Donald Trump's foray into social media, Truth Social ( NASDAQ:DJT ), faced a significant setback as its parent company, Trump Media & Technology Group Corp., ( NASDAQ:DJT ) registered shares for potential resale. This move sent shockwaves through the market, with the company's stock plunging by as much as 20%.
The registration includes shares held by insiders and those linked to warrants, marking the first step towards allowing Trump and other insiders to potentially capitalize on their stakes in the company. With as many as 146 million common shares and 21 million shares issuable upon warrant exercise now registered, investors are closely monitoring the situation.
The impact was not limited to common shares alone; warrants, which are tied to the stock and allow holders to exchange them for shares, also experienced a significant downturn, dropping by 12%.
While such filings are customary for blank-check deals like Trump Media's, completed last month to take the company public, the move has raised concerns among investors. However, it's important to note that the filing does not necessarily mean an immediate sale is imminent, nor does it guarantee future sales.
Technical Outlook
Truth Social stock ( NASDAQ:DJT ) is trading below the 100-day Moving Average (MA) residing in the oversold region with a Relative Strength Index (RSI) of 27.12 indicating a strong bearish trend.
Donald Trump’s Stake in Truth Social Parent Drops to $3BillionIn a dramatic turn of events, shares of Donald Trump's media and technology ( NASDAQ:DJT )venture took a nosedive on Monday, plunging as much as 12% and exacerbating a relentless downtrend that has significantly diminished the value of his stake in the operator of Truth Social to a mere $2.9 billion.
Since its much-hyped debut in late March, Trump Media & Technology Group ( NASDAQ:DJT ) has been mired in turmoil, with investors growing increasingly wary following the disclosure of substantial losses earlier this month. The company's once-promising trajectory has now been overshadowed by mounting financial woes, casting a shadow over its prospects and sparking a mass exodus of disillusioned shareholders.
Closing at $37.17 on Monday, the company's stock languished far below its record high of $79 attained during its debut, marking a staggering 40% decline since the onset of April. The grim downturn not only spells trouble for Trump's financial interests but also poses a significant setback to his potential windfall, as he contemplates leveraging his shares to fund his anticipated 2024 presidential campaign and legal expenses.
With Trump's stake in the company shrinking from approximately $6 billion just last month to a paltry $2.9 billion, the precipitous slide underscores the tumultuous journey of Trump Media & Technology Group in the unforgiving landscape of media and technology.
While Trump's dwindling fortunes may spell gloom for the former president, short-sellers are reveling in the chaos, reaping market-to-market profits amidst the stock's freefall. With a short interest of approximately 4.75 million shares, short-sellers have capitalized on the company's woes, albeit at a significant cost. Despite Monday's decline translating into a $16 million profit for those betting against the stock, short-sellers remain ensnared in substantial losses, down 69% for the year.
As Trump Media & Technology Group ( NASDAQ:DJT ) grapples with its spiraling valuation and mounting investor skepticism, the company finds itself at a critical crossroads. With uncertainties looming over its ability to navigate the turbulent waters ahead, the fate of Truth Social's parent hangs in the balance, leaving stakeholders on edge and investors bracing for further volatility.
