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Trump Media & Technology Group Corp DJT

Trump Media & Technology Group Corp. (TMTG) is a social media and technology-focused company. The Company's product, Truth Social, is a social media platform where any user can create content, follow other users and engage in an open global conversation. The Company does not restrict whom a user can follow. Additionally, users can be followed by other users without requiring a reciprocal relationship, enhancing the ability of its users to reach a broad audience. Its brands consist of Truth Social, TMTG+, and TMTG News. TMTG is also engaged in operates a TV streaming platform, Truth+, across the entire Truth Social platform-iOS, Android, and the Web. The streaming service relies on TMTG's custom-built content delivery network (CDN), which operates through a newly opened data center as the Company works to bring additional data centers into operation. TMTG's streaming technology is powered through specially designed infrastructure with its own servers, routers, and software stack.


NDAQ:DJT - Post by User

Post by BlackBear22on Sep 28, 2024 12:18pm
327 Views
Post# 36245393

Maybe a little more upside to the $15.60 level

Maybe a little more upside to the $15.60 levelwhich will take the stock up against the upper decllining trendline and the resistance related to its last low formed back in mid September.  
I believe we are witnessing a dead cat bounce so when and if the stock reaches those levels I expect the stock rally to fizzle out and the overarching downtrend to continue.  I know this is a meme stock but no positive material change has taken place on the campaign trail (with lots of arguments supporting the opposite) and definitely absolutely nothing fundamentally that would support this move.

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