Trump Media Stock (DJT) – New Phase Analysis
Trump Media Stock’s new uptrend phase
DJT was exceptional last week: Up over 50% on 200M share trading volume. The stock is now well above its $12.50 low, the $15 major barrier, and the $17.50 January starting point. It has now returned to its previous $25 downside barrier.
This exciting run-up has produced optimistic media reports and visions of further gains. However, all stocks are notorious for making contrarian moves. Just think back three weeks ago, when DJT’s fall to $12.50 produced pessimistic media reports and fears of further losses.
Note: My previous article, “Unlocked Trump Media Stock (DJT) – Initial Trading Analysis” (Sept. 29), explains the first six days’ activity following the unlocking of…
