Trading within the channel continues. No shares available at the moment to short. Very risky going against the stock. Looking very Bullish in the immediate short term and long term. Of note, competitors $TWTR and $FB are down tremendous.
Now that the app has been released, it looses all the gas. Sell the news event. Already looks bearish on hourly chart. This will burn down to 40s soon. Time to short/sell/puts.
Digital World Acquisition Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses in the technology, SaaS, fintech, or financial services sector in the Americas. The company was incorporated in 2020 and is based...
Truth Social was released in App Store on Presidents Day, like expected: If you haven`t bought it when the merger was announced: Or see this comparison: Then you should know that $110 is my price target!
1D Bearish Divergences: HIST, RSI, Stoch, MFI, ADP 1D MACD is Negative Wave 5 completed on Feb 2nd, 2022 Confirmation of Wave 5 completion on Feb 15th as a double top formed. Short Opportunity: -TP: .618 fib at $55 -SL: Above last high at $85.5 If SL is broken, expect retest of old highs
I like to do these "gesture drawing" lines. You can probably find really similar lines with complicated maths, but these are not meant to be precise. The horizontal lines are just support and resistance levels. The lines slanted down are bearish trend lines, the lines slanted up obviously are the bullish trend lines. The purpose of doing this is simply another way...
If you haven`t bough DWAC at my fist call, before it skyrocketed to $180: Then you should know that Truth Social's app profile page App Store seemed to point to the service launching on Feb. 21: Presidents Day. even though i don`t see a necessarily a correlation between the ride of DWAC and the fall of FB and TWTR, this was a mk cap comparison: I think Donald...
DWAC just loves to play gaps, and I need to watch this one more. I called it perfectly earlier this year, please see linked idea. I see this one rejecting hard and over the course of this triangle working it's way back there. NFA, DYOR
Besides the Ideological Investing as a strong push back against the “liberal media consortium” that banned President Trump, Twitter and Facebook retraced from their highs while DWAC was rising. Trump Media & Technology Group and Digital World Acquisition Corp. DWAC have entered into a definitive merger agreement. The transaction values TMTG at an initial...
2.2.22 DWACon its way to moving higher..............................expanding market.
DWAC may be become the company that will disrupt the whole industry as we know. Please find below my view: Fundamentals: 1. David Nunes left congress to become DWAC CEO. This tell us that things got very serious. 2. SEC investigation - I believe it's only temporary. I don't think that people who will be creating those platform, that may disrupt the whole industry...
1.21.22 DWAC: reading price action and discussing probabilities. ...............................
1.19.22 DWAC Part 2 Part 2....Corrected a charting error. Talked about having a fairly objective, and repeatable charting analysis as well as a fairly good idea of your personality in order to recognize trade actions that are not compatible for your needs.
1.19.22 DWAC: Follow-up>>>market dynamics. I am planning some one-on-one work with one or both of my students and I talked a little bit about this.
Shares of NASDAQ:DWAC , Donald Trump's media SPAC, have rallied off a Spike Alert on January 6th and were up 100% from the bottom. I'm looking at 92.47 as potential resistance.
Price's getting closer to a strong limit level. After a fake breakout we didn't see an opposite impulse - good sign for a retest with possible breakout. 3 targets: 69.4 - 76.8 - 89.4
rant on ridiculous stocks, crypto, cult of personality, yadda ya...