DWAC shareholders & Trump approve merger then fake news LONGDWAC voted to merge with former presidental Trump social media enterprise. Then a CNBC staff
writer has an article:
Donald Trump told followers, “I LOVE TRUTH SOCIAL” — but shareholders in the newly merged company that will own that social media app might not feel so great.
The shell company Digital World Acquisition Corp. saw its share price plunge nearly 14% in the hours following shareholder approval Friday morning of a merger with the former president’s social media company to take it public.
The drop could reflect concerns about whether Trump Media & Technology Group, which is being merged with DWAC, can ultimately deliver significant revenue — and whether Trump will try to cash in on his share early because of his many legal problems.
My review of the chart is that DWAC underwent normal volatility going into a merger vote
without complications. The volatility is healthy and traders/investors are contesting fair
value. Share price is the same as it was two weeks ago. Astute traders may consider this a
discount move for a long position. Trump is a majority shareholder. Of course, a buy of shares
benefits both the buyer and Trump in stabilizing market cap which has slowly fallen. He
cannot sell shares to fund legal proceedings and their costs for six months. The writer
who I have not named, in my opinion only, does not know jack____. He is simply trying
to put up a headline gets some reading volume and capitalize on it. He should get
one of the stock analysts that consult on his network to give him an education and then
publish a retraction. The headline might be " This clueless writer but out fake news and
is now better informed. He apologizes to the subjects of that fake news"
Enough said.
Growth
ETHUSD - Fed Fights Crypto Ethereum Rallies LONGETHUSD on the 60 minute chart has had high volatility in March along with other
cryptocurrencies. the SEC is taking Ethereum to federal court so it can designate it
as a "security" and subject to the SEC and all that it does. In early March, ETHUSD
trended up getting resistance from the second upper VWAP band in purple and support
from the underlying bandline. A deep ten day pullback into the support of the second
lower band line in thick purple then ensued. Price is now in the process of rising
to the mean anchored VWAP in black supported bu the thin blue first lower VWAP line.
The predictive algorithm of Lux Algo founded on analysis and look back of the regression
line forecasts the leg up to test that mean VWAP line. I entertain a long entry here.
IND penny IT with the earnings beat no more cash drain LONGIntellicheck validates identities for financial services, fintech companies, BNPL providers, e-commerce, retail commerce businesses, and law enforcement and government agencies across North America. Intellicheck can be used through a mobile device, a browser, or a retail point-of-sale scanner.
Volume, Volatility and Price Breakout on the 60-minute chart. Relative Volume was beyond 10X
The predictive algo has a continuation for Monday with a momentum fade over 4.25 topping at
4.5
I will take an intraday trade here potentially buying in the premarket. The target is the high
pivot forecasted by the algo about 30& upside. I will set a 7.5% stop loss and risk 0.01% of
capital in the trading account. I will take off 25% upon reaching 4.0 another 50% at 4.50 and
the remaining 25% with a 5% trailing stop loss to ride the momentum fade.
This is probably not shortable. The April monthly options pumped 6x to 30x on the earnings
report. They will have continuation on Monday 3/26 after that the put options will be in play.
The small call options chain is embedded in the chart. Earnings come again in May.
I will reenter this trade until after the current pop and drop is completed.
Then in late April to look I will reenter looking for a repeat of the present price action.
JETS, a travel ETF rising summer travel season approaches LONGJETS on the reliable daily chart is in trend up since last fall which followed a trend down
during the spring and summer. Travel stocks are booming here and there including TCOM
(Trips.com) in China. The airlines have high volumes and are competing on price and perks.
So are the cruise lines. This ETF is a way to capture some profit from the trends. If has lower
risk but also lower reward than an individual stock JETS is upside range bound by the
second upper VWAP line above it. The predictive algorithm of Luxalgo forecasts a rise
to about 22 before that VWAP line rejects price into a reversal. I am shorts JETS while also
shorting NCLH and going long on AAL. I expect to profit and use funds for some more
frequent travel. The karma in the whole thing is that it is a closed circle. Watch travel
companies including booking agents, spent money traveling get insights and then deploy
capital to work those markets for profit returns to recycle the funds into more travel.
RCL may set up a fall from a rising wedge SHORTRCL took a bit of time to recover from COVID but has now done well. The dialy chart reflects
this. Last year price rose in the winder and spring then fell when the summer ended and
reversed upside in November. Ir is now in a rising wedge and price is at the upper trendline.
It is confluent with the second upper VWAP band line suggesting not much room upside as
that line is providing dynamic resistance. The predictive algorithm from Lux Algo designed
to forward forecast from a lookback of the regression line to the left predicts a fall from
the ascending resistance trendline and the underside of that VWAP line. I will short
RCL here and entertain a hedged options trade to insure the short trade. I have shown a
peer stock NCLH from the cruise industry. It has not done as well as RCL. If RCL starts
falling significantly some traders may move their capital to NCLH and help it rise. I will put
NCLH on my watch list along with UAL, AAL, LUV, DAL and LUV as the summer travel
season will be underway in another sixty days and trader interest may rise with accumulation
and price action to follow.
JPM a financial rockstar in stampede mode LONGJPM on the daily chart has plain and obvious consistent momentum albeit with corrections.
The markets are expected to thrive in this lection year and three rate cuts are projected
in the net 8 months. The best time to buy JPM was both March 22 and October 23. I suggest
the next best time is now before the forecasted rate cuts are factored into price ahead of
the cuts. I just got notified of unusual options volumes for a price of 220 for the July 24
expiration which is not a surprise and is the month of the presidential nominating conventions.
That is 10% above current price and suggests the options buyers are expecting price to be
in that money by July meaning maybe a target for price is 225-250. No matter, I am getting
mine now before the prices rise.
PHAT Phantom Pharma to moonshot from upgrade LONGPHAT is now targeting 25-34 according to analysts. I am not surprised. It has a pipeline and
is pending approval for a medication product to treat a stomach bacteria that causes chronic
infection and symptoms are often refractory to long and elaborate treatment protocols. The
product is already in Asia and doing well in YoY reports. PHAT has partnered with another
pharma company to make regulatory and marketing inroads in the European market. My
portfolio is already heavy with medtech and pharma but this one is far to promising
with the great upside it presents. I will hit this one hard trying to get the low of day in
pieces and build a position.
DOWNTREND REJECTION-MOVING UP Regressions showing us guidance along with two VWAPS. Orange VWAP moving along uptrend regression. Downtrend rejected now moving along the uptrend regression.
$CEG Reversal on its wayI like this stock for it's unique offer of sustainable utilities services and supplies 10% of US market. Increasing volume as it reverses and sitting on 8 EMA.
Sustainability Stocks: ESAB ExampleNYSE:ESAB has been around for many years although it only went public on the NYSE as a Swedish-American company in 2022.
ESAB Corporation is focusing on sustainability and connected fabrication technology, which is an area headed for more growth.
The stock is 90% held by institutions. ALL of the giant Buy-Side and ETF developers are near the top of the Institutional holdings list.
The stock as been trending upward since its IPO bottom completion, which completed very quickly at $50. The company's revenues have been steady. Earnings have been up and down quarter over quarter. The recent gap up is a breakaway gap, which seldom fill.
ADA - Be Ready for a SUDDEN PUMP📉Hi Traders, Investors and Speculators of Charts📈
Fundamentally - I'm no fan of Cardano. In a certain sense it gives me XRP2.0 vibes, with the cult following community and all. Over-promise and under-deliver with youtube shillers is XRP style and raises red flags. Ultimately, I believe crypto is bigger than one person , and most definitely bigger than than one industry expert / founder. These are a few reasons as to why fundamentally, I'm not an ADA fan.
HOWEVER. As I've said many times before, any coin can and will be traded by whales. Herewith lies opportunity for retail traders, IF you manage to get a good entry. From a chart analysis, Cardano has broken out of accumulation phase by forming a clear bottom. We even start to see glimpses of a new bullish cycle starting as the price makes higher lows.
To the left from a weekly outlook, a wick to the purple 200d moving averages is possible. On the right, from a daily perspective, we'd like to see the turquoise 100d moving averages hold:
I believe it's possible for the price to continue increasing from here and I even believe a hard and sudden, random pump is possible (likely followed by a sudden dump). I'll be looking for increases 30% and 45% from here, as near term targets. Higher is possible, but I'll leave higher targets for a later post once we have actually achieved these price levels. You may need some patience though:
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KUCOIN:ADAUSDT COINBASE:ADAUSD
Google Cup and HandleGoogle appears to be forming a cup and handle pattern on the daily chart. I believe GOOG may be priming up for a huge bullish move and with them positioning themselves well in this AI tug of war battle amongst all the big tech companies this year.
ANOTHER -10% BTC DROP TO 60K BEFORE FRESH RALLYWe have seen longs getting rekt for the whole week, now due to long/short risk trader are willing to drive price lower to 60k whic i another -10% move. Fed interest rate decision next week is already priced in and might only cause a 2 to 3% move in the market.
The best way to trade this pullback is to set buy limit orders at 61K, 60k, 59k, 58k with a risk of 10% for a 2X reward which is the double top.
The next hero is the altseason on the brakes. Go IOTAA coin with a history we all know. My strategy shows that the coin has not bounced back to the first test level, which is what most memes are capable of
GLXY.TO If the crypto industry doesn't die this does wellThe company is my favorite of the publicly listed crypto related stocks. It's cheap and well run. Made lots of acquisitions on distressed crypto assets over the past several months as crypto experienced negative events and drawdowns.
Litecoin looks like a rocket with a delayed launchMost coins and blockchains in 2024 proved their strength after the bearish season. Today, the altseason has arrived for more than 80-85% of crypto assets. Litecoin is next in line for a bullrun.
XCAD potential 4-5x in the coming monthsWith this weekly close XCAD will break through it's EMA and previous resistance, setting off the bull market frenzy.
It isn't all in the charts.
In February the last of the vested tokens from the IDO have been unlocked, meaning reduced inflation and less sell pressure.
On the 27th of March, there is a huge announcement coming, a major partnership.
Pattern in process with X Revenue Price and date range with 31 bars. Trend will follow the guidance of the white wave like it did before.
Short Long Short Long signals
G support wave using simple ATR
Keeping alert on date range with 31 bars while at the same time eyeballing the volume. As custom volume increases by the little, BTC increases.
VANRY aka TVK aka new ai layer one aka next 100xVANRY aka TVK is a name you might have heard of. Vanry has a limited 2.4 billion supply, largest whale holds 400 million leaving 2 billion to the masses and the mc is currently holding steady at $300m poised for a gigantic leap. The last play like this was performed by Chainlink. When Chainlink went on it's run from the .20's range it topped at out at nearly $20. It then found support around $7, went on a run up to $53 and is currently sitting at $20. Check out what they're doing over at Vanry. It's one of the most visually impressive web3 projects that I've seen yet. You can currently find this on Coinbase under TVK.
vanarchain.com
*disclaimer: it could also go to zero. This is for entertainment purposes only. Enjoy the ride.
MARA fell on a huge earnings beat LONGMARA fell a few days ago while Bitcoin is staging another leg higher along with other coins.
On the 30-minute chart, MARA is in undervalued territory below the mean-anchored VWAP
and near to the bottom of the high volume area on the volume profile but above the POC line.
This seems to be an obvious long trade for me to take. I will set a stop loss of $1.00 below
market price and a target of $31 halfway between the mean VWAP and the first upper VWAP
the line above it. A call option trade striking $30.00 expiring in three months will be
considered. MARA fell from excellent earnings which apparently disappointed some
traders /investors. The discount sale is hard to resist given the current fundamentals in the
crypto markets.
MSTR slammed earnings beyond the parking lot LONGMSTR while Bitcoin and the whole ETF thing has caused crypto momentum had a good
4QTR23 and 8Xed the analyst's earnings estimates two days ago. The momentum is expanding
as market volume is accelerating. Late afternoon the zero lag MACD showed some recyling as
some early traders took cash off the table. To emphasize however, there is no sign of bearish
divergence on the RSI. This has gained 25% in 3 days. Anyone into the prices needed to acquire
options contracts could consider looking for an option using their own typical selection criteria.
There are others who as price is overextended and it will fade. They say the same thing about
NVDA. For me, I will take a trade here even if the continuation is short lived. At the end of
the day, Bitcoin could go to MIL:1M per each as some of those with crystal balls forecast.
See also small cap miners BTBT BTCS Cleanspark HUT and some middle caps in RIOT and
MARA. It's a buyers' market right now but only if you do not chase. Look on a low time frame
for an oversold undervalued intraday moment and take your trade !
$BTC Long Entering Parabolic Up Trend Potential growth and loss (only later on) with fib trend extension and RSI Volume and a buy sell chart.
NOT FINACIAL ADVICE. This is just for fun. But may have truths to it.
Intel Corp Maintains BuyTech Companies went down but still maintaining Buy Position with target price at $51
