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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... see more

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Trump Media & Technology Group Corp > Maybe a little more upside to the $15.60 level

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Post by BlackBear22 on Sep 28, 2024 12:18pm

Maybe a little more upside to the $15.60 level

which 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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