TRUMP MEDIA (DJT) Skyrockets After NYC Rally! Next Big Move?

29 окт.

TRUMP MEDIA (DJT) Analysis:

Trump Media & Technology Group Corp (DJT) experienced a sharp rise in price, gaining over 10% in Tuesday’s pre-market trading following a high-profile rally by Donald Trump at Madison Square Garden. This rally, which attracted a wave of attention, likely fueled the surge in buying interest. The stock closed 21.59% higher the previous day, marking a significant increase.

Trade Setup:

• Entry Point: $30.15
  
• Stop Loss: $20.95
  
• Target Levels:
  
• TP 1: $41.53
  
• TP 2: $59.93
  
• TP 3: $78.33
  
• TP 4: $89.70
  

Technical Indicators:
The Risological dotted trend line indicates bullish momentum, suggesting that buyers are stepping in forcefully. With TP 1 already reached, the stock has shown strong momentum, making the higher targets achievable if this rally sustains.

Market Sentiment:
Post-event enthusiasm and Trump’s push on key issues seem to resonate with certain investor groups, potentially sparking further interest. Given the volume spike to 110.35M, far above its 30-day average, momentum remains high.

Outlook:
With further upside potential, the stock could reach its higher target levels if the rally and media attention continue to bolster confidence. Keep a close watch on volume and price action to capture potential profit-taking points or to ride the bullish wave to higher targets.