DJT Potential for POP
Donald Trump has been the center of media attention over the few days after his attempted assassination.
The stock has also been trending in a range for the last year between the Value Areas on my chart.
Recently, there has been a large interest for trump support monetarily which may lead supporters into purchasing the DJT stock as a sign of support for the former president.
But for me personally, I don't care as much about the noise but more so the data on the chart.
At the moment, we have reclaimed the Value Area Low after a failed auction below $30. Since then, we have seen a massive move to the upside directly into the range point of control.
As long as we remain above the Value Area Low at about $30, the market can move up above the range POC and towards the higher end of the value area at around $50.
This would be nice move to capitalize on given the market remains bullish.
Only time will tell!
The stock has also been trending in a range for the last year between the Value Areas on my chart.
Recently, there has been a large interest for trump support monetarily which may lead supporters into purchasing the DJT stock as a sign of support for the former president.
But for me personally, I don't care as much about the noise but more so the data on the chart.
At the moment, we have reclaimed the Value Area Low after a failed auction below $30. Since then, we have seen a massive move to the upside directly into the range point of control.
As long as we remain above the Value Area Low at about $30, the market can move up above the range POC and towards the higher end of the value area at around $50.
This would be nice move to capitalize on given the market remains bullish.
Only time will tell!
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