Digitalworldacquisition — Trading Ideas on TradingView

Trump Media Investor Guilty of Insider Trading A financial executive, Bruce Garelick, has been convicted of enabling his boss and others to make over $22 million illegally by trading off his tips ahead of the public announcement that an acquisition firm was taking former President Donald Trump's media company public. Garelick was convicted of tipping others in 2021 to news that the special purpose acquisition company, Digital World Acquisition Corp., was merging with Trump Media & Technology Group. Garelick sat on DWAC's board. His co-defendants pleaded guilty before trial, admitting to making over $22 million illegally. The indictment against the men did not implicate Trump or Trump Media & Technology Group, ( NASDAQ:DJT ) which owns his Truth Social platform and began trading on the NASDAQ stock market on March 26. Garelick, former chief investment officer of New York-based venture capital firm Rocket One Capital LLC, was convicted of insider trading charges and is scheduled to be sentenced in July. Garelick insisted that he did not possess any secrets about the potential merger when he bought securities in DWAC, which eventually enabled him to earn nearly $50,000 in profits.

🚨$DJT: It's Not Over Part 2! Update! Hey everyone, As mentioned earlier, DJ:DJT showed potential for a bullish move with a weekly crossover above the monthly, signaling strength in the coming weeks/month. On Friday, DJT achieved the weekly crossover over the monthly for the first time! When MTTSA indicators crossover to the upside, it indicates a significant price acceleration. For instance, in January, when the hourly crossed over the monthly, the price surged by approximately 100%. Subsequently, when the daily followed suit, the stock experienced another robust uptrend. Our initial price target stands at $57. We anticipate some resistance at this level, although the stock has already breached the 0.236 and tested the 0.382 levels. A decisive breakthrough from here would likely lead to tests of the 0.5 and eventually the 0.618 levels. It's worth noting that there's a gap to be filled around $61. Metric Pro indicator is suggesting that liquidity is very good and price will continue to the upside. In conclusion, we're keeping an eye on the daily for support, with significant support levels at the weekly and monthly. It turns out, the markets don't really care about your thoughts and feelings because the algorithm is pointing a bullish run very soon. Stay tuned!

DWAC Acquisition Faces Rollercoaster Ride Amid Trump Merger The tumultuous journey of NASDAQ:DWAC stock, the special purpose acquisition company (SPAC) aiming to take former President Donald Trump's tech and social media platform public, continues to captivate investors amidst a whirlwind of events. From surging highs to staggering lows, the stock's trajectory reflects the intricate interplay between market expectations, legal challenges, and the enigmatic allure of the Trump brand. In recent weeks, NASDAQ:DWAC shares have faced downward pressure as traders grapple with the implications of Trump's financial struggles. Amidst mounting concerns, the stock plunged to a monthly low of $32.25 before staging a partial recovery to $36.42. However, buoyed by optimism surrounding the pending merger with Trump Media & Technology Group (TMTG), DWAC saw a resurgence in pre-market trading, reaching a high of $38. The merger between NASDAQ:DWAC and Trump Media has been fraught with controversy, marked by lawsuits, regulatory scrutiny, and speculation surrounding the viability of Truth Social, the conservative social media platform owned by Trump Media. Allegations of stock grabs, legal battles, and Trump's efforts to secure substantial bond funds to appeal a civil business fraud judgment have added to the uncertainty surrounding the merger. Despite the challenges, NASDAQ:DWAC shareholders are poised to vote on the merger with Trump Media on Friday, signaling a pivotal moment in the company's trajectory. If approved, the merger could see Trump's stake in TMTG valued at a staggering $4 billion, a testament to the enduring allure of the Trump brand in the eyes of investors. However, DWAC's fortunes remain intrinsically linked to Trump's political ambitions and legal battles. The former president's status as the top Republican candidate for president has fueled optimism among investors, with hopes of a Trump victory in the election potentially driving further gains for the stock. Yet, concerns linger over the impact of federal charges and ongoing legal battles on the Trump brand and, by extension, NASDAQ:DWAC stock. Despite a recent decline in March and a substantial drop from its peak in October 2021, DWAC shares remain up 128% in 2024, underscoring the enduring interest in the company's potential. As NASDAQ:DWAC navigates the choppy waters of Trump's financial woes and legal challenges, investors remain on edge, eagerly awaiting the outcome of Friday's merger vote and the subsequent implications for the company's future. With volatility likely to persist in the short term, DWAC's journey serves as a testament to the unpredictable nature of the market and the enduring fascination with the Trump phenomenon.

DWAC Riding the Trump Wave and the Truth Social Revolution In the wake of former President Donald Trump's resounding victory in the Iowa caucus, Digital World Acquisition Corp. (NASDAQ: NASDAQ:DWAC ) has emerged as a major player in the evolving landscape of media and technology. The SPAC's significant rally, soaring over 50% since Trump's triumph in Iowa, and an additional 10% in premarket trading on Monday, January 22, signals a growing investor interest and confidence in the company's prospects. NASDAQ:DWAC is on a mission to merge with Trump Media & Technology Group, the brain behind the Truth Social app, and the potential alignment with the former president's political trajectory adds a unique dimension to its growth story. The Trump Effect: The Iowa caucus results, where Trump secured an unprecedented victory with a staggering 30-point margin, have sent shockwaves through the political landscape. As political heavyweights like Ron Desantis and Nikki Haley acknowledged Trump's dominance by endorsing him, NASDAQ:DWAC found itself in a fortuitous position. With the likelihood of Trump becoming the Republican nominee, NASDAQ:DWAC 's connection to Trump Media & Technology Group and the Truth Social app positions the company as a key beneficiary in the lead-up to the election. Truth Social's Potential Acceleration: If Trump secures the Republican nomination, as many indicators suggest, it could usher in a new era for Truth Social. The platform, designed to provide an alternative to mainstream social media, could experience accelerated adoption as Trump's political influence grows. NASDAQ:DWAC 's strategic positioning in this narrative makes it a compelling investment, with the potential for exponential growth as Truth Social gains traction among conservative audiences seeking an alternative space for discourse. Technical Outlook: From a technical perspective, DWAC's current trading position near the top of its 52-week range and above its 200-day simple moving average reflects positive momentum. Investors are actively driving up the share price, indicating a bullish sentiment. This upward trajectory suggests that market participants believe in the future value of NASDAQ:DWAC , further solidifying its position as a stock with growth potential. Conclusion: Digital World Acquisition Corp. stands at the intersection of politics, media, and technology, presenting investors with a unique opportunity to capitalize on the Trump effect and the potential success of Truth Social. As the political landscape evolves, NASDAQ:DWAC 's strategic alignment with Trump Media & Technology Group positions it as a key player in the unfolding narrative. With a positive technical outlook and the potential for Truth Social to gain momentum, NASDAQ:DWAC emerges as a compelling investment choice for those seeking exposure to the dynamic convergence of politics and technology. As investors continue to push the stock higher, NASDAQ:DWAC 's journey promises to be one worth watching closely in the coming months.

DWAC Trump Ai Worldcoin Digital Acquisition Twitter This one is a total crapshoot. ticker is historically pumped and dumped, my guess is that another catalyst is delivered this week to churn up mania buying again. Then itll be out of gas for a while be cautious if attempting to invest long term in Trump proxy-grifter corporations like this.

$DWAC Looking For Break Out $DWAC has been hot relative to the market. After seeing $AMC & $GME move this week, it's very possible $DWAC could catch momentum. Right now the key level is $73 and a decisive break above will potentially lead to a continuation to $85. If Markets open green it could be a rocket🚀 Target #1 ~ $85 Target #2 ~ $95

Digital World Acquistion (NASDAQ: $DWAC) Launches Social App! 🙌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 in Miami, Florida.