DJT (formerly DWAC) chart.
Rounded Bottom Pattern:
The DJT chart appears to be forming a rounded bottom pattern. This pattern is generally considered bullish and suggests a potential reversal of a downtrend. Here's a breakdown of the key characteristics:
U-Shaped Price Action: The price action forms a "U" shape, with a gradual decline to a low point and then a gradual rise back up.
Lower Lows and Higher Highs: The lows in the pattern are typically shallower than the initial decline, and the highs after the pattern are higher than the peak before the decline.
Targeting New Highs?
By measuring the height of the rounded bottom and adding it to the breakout point above the pattern's neckline, some analysts estimate a target price for DJT that could potentially reach a new all-time high.
Important Considerations:
Technical Analysis Limitations: Technical analysis is a helpful tool, but it's not a guaranteed predictor of future price movements. Other factors like company fundamentals, broader market sentiment, and news events can influence the stock price.
Recent IPO: DJT is a relatively new company that recently went public through a merger. New companies can be inherently volatile, and past performance doesn't necessarily guarantee future results.
The DJT chart appears to be forming a rounded bottom pattern. This pattern is generally considered bullish and suggests a potential reversal of a downtrend. Here's a breakdown of the key characteristics:
U-Shaped Price Action: The price action forms a "U" shape, with a gradual decline to a low point and then a gradual rise back up.
Lower Lows and Higher Highs: The lows in the pattern are typically shallower than the initial decline, and the highs after the pattern are higher than the peak before the decline.
Targeting New Highs?
By measuring the height of the rounded bottom and adding it to the breakout point above the pattern's neckline, some analysts estimate a target price for DJT that could potentially reach a new all-time high.
Important Considerations:
Technical Analysis Limitations: Technical analysis is a helpful tool, but it's not a guaranteed predictor of future price movements. Other factors like company fundamentals, broader market sentiment, and news events can influence the stock price.
Recent IPO: DJT is a relatively new company that recently went public through a merger. New companies can be inherently volatile, and past performance doesn't necessarily guarantee future results.
Comment:
Comment:
Gap filled. Took a swing trade long.
Comment:
Trade active
Comment:
Gamma Squeeze vs. Short Squeeze: Understanding the Squeeze Play
Both gamma squeezes and short squeezes involve rapid price increases, but the underlying mechanisms differ.
Short Squeeze: This occurs when investors who borrowed and sold stock (short sellers) are forced to buy it back to cover their positions due to a rising price. This surge in buying demand further inflates the price.
Gamma Squeeze: This happens when market makers holding large amounts of sold call options (contracts that give the buyer the right to buy a stock at a certain price) are forced to buy the underlying stock to hedge their exposure. As the stock price rises, they need to buy even more shares to maintain their hedge, further accelerating the price increase.
In simpler terms, a short squeeze is triggered by short sellers being forced to buy, while a gamma squeeze is driven by market makers buying to hedge their options positions. Both can lead to dramatic price increases.
Both gamma squeezes and short squeezes involve rapid price increases, but the underlying mechanisms differ.
Short Squeeze: This occurs when investors who borrowed and sold stock (short sellers) are forced to buy it back to cover their positions due to a rising price. This surge in buying demand further inflates the price.
Gamma Squeeze: This happens when market makers holding large amounts of sold call options (contracts that give the buyer the right to buy a stock at a certain price) are forced to buy the underlying stock to hedge their exposure. As the stock price rises, they need to buy even more shares to maintain their hedge, further accelerating the price increase.
In simpler terms, a short squeeze is triggered by short sellers being forced to buy, while a gamma squeeze is driven by market makers buying to hedge their options positions. Both can lead to dramatic price increases.
Comment:
Comment:
Back to break even
USDT: 0xd3787d843Cf915E5475119459B34b6429827c297