DJT STOCKS BULLISH SENTIMENT SPOTTEDA weekly strong bullish bar would suggest more buyers interested in the shares of the company.
DJT trade ideas
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.
(DJT) - Technical Retrospective Amid Market HeadwindsIn the latest session, Trump Media & Technology Group (DJT) exhibited a pronounced contraction, with its price action closing at $40.59, reflecting a 12.05% decrement. This price movement is captured within a confluence of technical indicators and market dynamics that could presage the trajectory of future sessions.
Ichimoku Cloud: The Silver Lining Amidst the Retreat
DJT's closure below the Ichimoku Cloud intimates a bearish overtone for the stock. The cloud, extending its shadow forward, suggests that resistance may be mounting, with the Conversion Line (blue) and the Baseline (red) pivoting upwards, heralding a latent bullish correction should the price pierce through the cloud.
Fibonacci Retracement: Navigating the Ratio Map
Applying the Auto-Fib Retracement tool delineates significant support and resistance levels. After a swift descent, the stock hovers near the 0.786 retracement level at $38.76. A firm rebound from this nadir could catalyze a rally towards the 0.618 level at $43.08, with further bullish ambition targeting the 0.5 and 0.382 levels at $48.11 and $53.13, respectively.
RSI: Equilibrium Bound
The Relative Strength Index (RSI), at 45.41, lingers in the neutral domain, marginally inclining towards oversold conditions. This indicator could signal a forthcoming equilibration or a trend reversal should the asset garner the necessary buying momentum.
Stochastic RSI: A Potential Reset on the Horizon
With a reading of 17.96 for %K and 27.67 for %D, the Stochastic RSI is entrenched in oversold territory, potentially setting the stage for a bullish crossover that could spur a corrective rally.
MACD: Whispering Winds of Change
The Moving Average Convergence Divergence (MACD) presents a bearish narrative with the MACD line beneath the signal line. However, the histogram's lightened bearish bars indicate a slowing of downward momentum, and a bullish divergence here could instigate an uptick in investor sentiment.
Volume Play: A Critical Audience
Volume has tapered off to 5.75M from an average of 7.30M, signaling a retreat in market participation. Should volume pick up, it will be crucial in validating any price advancement.
Price Targets: The Art of Speculation
In speculating on price targets, should DJT maintain its stance above the 0.786 retracement level, an aggressive price target of $53.13 at the 0.382 Fibonacci level may come into the fray. Conversely, a breach below $38.76 could see the stock spiral towards the foundational support at $36.83.
In summary, Trump Media & Technology Group stands at a crucial juncture, with technical indicators suggesting potential for both descent and ascent. Market observers may consider watching the 0.786 Fibonacci retracement closely for indications of the stock's resilience or fragility.
Disclaimer: This analysis is speculative and for informational purposes only. Investors should conduct their own research and due diligence or consult a financial advisor. This is not a recommendation to buy or sell securities.
Trump Media & Technology Group ($DJT) Plummets by 21.47%The journey of Trump Media & Technology Group ( NASDAQ:DJT ) took a turbulent turn as the social media venture witnessed a steep decline of 21.47% in its stock value following revelations of significant financial losses and ongoing legal disputes. Despite a high-profile public debut, NASDAQ:DJT finds itself grappling with mounting challenges that have cast a shadow over its future prospects.
Financial Struggles and Market Volatility:
Trump Media & Technology Group ( NASDAQ:DJT ) disclosed a staggering loss of over $58 million in 2023, sending shockwaves through the investor community and triggering a sell-off. The initial surge in NASDAQ:DJT 's stock, driven by enthusiastic retail buyers, quickly reversed as the reality of financial setbacks emerged, leading to a sharp decline in share prices.
Implications for Trump and Shareholders:
While Donald Trump retains ownership of 78.75 million shares, potentially amounting to a significant windfall, the recent sell-off has eroded a substantial portion of its value. Legal restrictions prevent Trump from selling or borrowing against his shares for the next six months, adding another layer of complexity to the situation. Despite the downturn, DJT's market value still exceeds $6 billion, albeit significantly lower than its initial public offering (IPO) valuation.
Short Sellers and Market Dynamics:
Short sellers targeting NASDAQ:DJT witnessed a significant recovery on Monday, underscoring the heightened demand for shorting NASDAQ:DJT shares amidst financial uncertainties. However, the scarcity of borrow supply adds complexity to the short-selling landscape, reflecting the volatility and speculative nature of DJT's stock.
Financial Performance and Competitive Landscape:
DJT's financial struggles are further underscored by its modest revenue of $4.13 million in 2023, compared to competitor Reddit's $800 million. Additionally, Truth Social's relatively small user base poses a challenge in competing with established platforms, exacerbating DJT's uphill battle in the social media landscape.
Legal Battles and Uncertainties:
In addition to financial woes, NASDAQ:DJT faces legal disputes with co-founders Wesley Moss and Andrew Litinsky, adding another layer of complexity to its challenges. These legal battles compound the uncertainties surrounding DJT's prospects, highlighting the uphill battle it faces in establishing itself as a viable competitor in the social media arena.
PLEASE SAVE ME DONALD TRUMP ;)TRUMP TRAIN TO 90
MACD Curl
Bullish FLAG
We will have a MAJOR squeeze due to emotional liberal shorts
DJT Boom BoomDJT going to test $100 and then begin to form a handle over the remaining of the year. Then blow past $100 around election time.
Donald Trump’s Media Company Spikes 50% On Wall Street DebutIn a whirlwind of market activity, Donald Trump's media company, Trump Media & Technology Group ( NASDAQ:DJT ), made its much-anticipated debut on Wall Street, sparking fervent investor interest and a flurry of speculation about the former president's latest venture.
Shares in Trump's media empire surged an astonishing 50% in early trading, as eager investors clamored for a piece of the action in the inaugural session of trading on the Nasdaq index. The company, trading under the ticker name NASDAQ:DJT —aptly representing the initials of its founder—saw its stock soar to remarkable heights, with Trump's majority stake valued at a staggering $5.9 billion.
The meteoric rise in Trump Media & Technology ( NASDAQ:DJT ) Group's stock price was fueled in part by news of Trump's success in securing a substantially reduced bond of $175 million in his ongoing civil fraud case—a development that injected newfound optimism into the company's prospects. However, the exuberant market response belied underlying concerns about the company's financial performance, with Truth Social, Trump's social media platform, reporting significant losses in its operations.
Analysts, while acknowledging the enthusiasm of Trump's supporters driving the stock's valuation, cautioned against overstating the company's underlying business prospects. Thomas Hayes, chairman of Great Hill Capital, characterized the valuation as "rich relative to its underlying fundamentals," suggesting that investor enthusiasm may be outpacing rational assessment of the company's true value.
The emergence of Trump Media & Technology Group ( NASDAQ:DJT ) comes on the heels of its merger with Digital World Acquisition Corp, a blank-check company, underscoring Trump's knack for leveraging strategic partnerships to propel his business endeavors. The use of the DJT ticker, a nostalgic nod to Trump's earlier ventures in the 1990s, adds a touch of familiarity to the company's Wall Street debut, evoking memories of Trump's foray into the hospitality and gaming industries.
Yet, amidst the jubilation surrounding Trump's resurgence in the business world, lingering legal challenges loom large, casting a shadow of uncertainty over his financial fortunes. Trump's ongoing legal battles, including the civil fraud case and a criminal hush money case, threaten to disrupt his plans for leveraging his newfound wealth from Trump Media & Technology Group.
Despite the jubilant mood among Trump's supporters, skepticism remains regarding the company's long-term viability and its potential impact on Trump's political aspirations. The success of Truth Social and Trump Media & Technology Group hinges not only on financial performance but also on the broader cultural and political landscape, where Trump's polarizing persona continues to command attention and controversy.
As Trump navigates the complexities of both the business and legal arenas, the fate of Trump Media & Technology Group hangs in the balance, poised between triumph and turmoil. While the company's soaring stock price may herald a new chapter in Trump's entrepreneurial journey, it also underscores the volatile intersection of politics, media, and finance in today's ever-evolving landscape.
In the corridors of power and the boardrooms of Wall Street, the saga of Trump Media & Technology Group unfolds—a compelling narrative of ambition, resilience, and the enduring allure of the Trump brand. Whether it emerges as a triumph or a tempest remains to be seen, but one thing is certain: the world will be watching closely as the story unfolds.
