As suspected above DJT just tested the intersect of the 50 (yellow) and 100 (orange) Weekly Moving averages at $22.55 or 56.41 Correction.
The fact that they announced issuance of additional shares on CNBC yesterday (More Shares Lowers per share Value) exacerbated this retracement in excess of .786 long wick right Fib (Left Fibonacci Ladder Candles Bodies on exact .786 Correction) near 80% Fibonacci Correction on the ATH Rejection Wick High). Of course MSNBC and assorted Trump haters gleefully saying Truth Social is a money losing entity... however most social media and Web Cos especially Twitter, Amazon, Google, Facebook were all Money Pits until they perfected their monetization models based upon advertising and products and/or services on-line sales. Same goes for most Startups.
The Fibonacci sequence is simple start with one, add one and the take the result and add the previous number to it:
1,1,2,3,5,8,13, 21, 34, 55, 89 etc... 56.41 confirms the Fib 55 point retrace as 89 is impossible as that then goes negative from the 79.38 high.
This is a highly speculative stock that can correct lower - DO NOT INVEST any cash you might need to eat.
As a Gamble we are near the optimal weekly and Daily Fibonacci Correction areas and a reasonably small asymmetric Dollar Cost Averaging entry point. The way I see it I can either give away or Donate to the RNC or Trump's Campaign to pay his exorbitant legal bills - Or I can buy shares of DJT to support Truth Social, help build Trump's Tech Net Worth and perhaps see an eventual 10X to 100X return especially if Trump Sworn in as POTUS again in Jan 2025. You have to take risks if you want to drink Champagne and take Dumps like Trump on a Gold Toilet. Just Saying...
Weekly Chart
Daily Chart Closed below the 200 Day Red Moving Average the recognized technical indicator for a Change in momentum
The 1 Hour Chart indicates and A=C correction at approx $19.00 as a Fractal Fibonacci high-probability Bottom - especially since a 1.618 times A = C extension would go negative. All stocks can theoretically go to Zero but not negative.
The fact that they announced issuance of additional shares on CNBC yesterday (More Shares Lowers per share Value) exacerbated this retracement in excess of .786 long wick right Fib (Left Fibonacci Ladder Candles Bodies on exact .786 Correction) near 80% Fibonacci Correction on the ATH Rejection Wick High). Of course MSNBC and assorted Trump haters gleefully saying Truth Social is a money losing entity... however most social media and Web Cos especially Twitter, Amazon, Google, Facebook were all Money Pits until they perfected their monetization models based upon advertising and products and/or services on-line sales. Same goes for most Startups.
The Fibonacci sequence is simple start with one, add one and the take the result and add the previous number to it:
1,1,2,3,5,8,13, 21, 34, 55, 89 etc... 56.41 confirms the Fib 55 point retrace as 89 is impossible as that then goes negative from the 79.38 high.
This is a highly speculative stock that can correct lower - DO NOT INVEST any cash you might need to eat.
As a Gamble we are near the optimal weekly and Daily Fibonacci Correction areas and a reasonably small asymmetric Dollar Cost Averaging entry point. The way I see it I can either give away or Donate to the RNC or Trump's Campaign to pay his exorbitant legal bills - Or I can buy shares of DJT to support Truth Social, help build Trump's Tech Net Worth and perhaps see an eventual 10X to 100X return especially if Trump Sworn in as POTUS again in Jan 2025. You have to take risks if you want to drink Champagne and take Dumps like Trump on a Gold Toilet. Just Saying...
Weekly Chart
Daily Chart Closed below the 200 Day Red Moving Average the recognized technical indicator for a Change in momentum
The 1 Hour Chart indicates and A=C correction at approx $19.00 as a Fractal Fibonacci high-probability Bottom - especially since a 1.618 times A = C extension would go negative. All stocks can theoretically go to Zero but not negative.
