Latest Update on DJT: Important Support Levels to Watch Out For

TLDRDJT is down over 18% on the day and trading below the support at 53. Don't chase the stock at this point. If the support at 53 holds, there could be some upside potential. If not, watch out for a drop to 46 and possibly even 28.

Key insights

📉DJT is down over 18% on the day and trading below the support at 53.

If the support at 53 holds, there could be a potential move back up to 57 and possibly even 63.

🔮Don't rush to buy DJT at the current price. Wait for a better entry point, possibly around 28 or after a significant pullback.

💡When stocks get overbought, it's natural to see a pullback. Use these opportunities to find better entry points.

⚠️Watch out for the support levels at 46 and 43.82. If those levels fail, DJT could see further downside.

Q&A

Should I buy DJT at the current price?

It's not recommended to buy DJT at the current price. Wait for a better entry point or a significant pullback.

What are the key support levels to watch for DJT?

The key support levels for DJT are 53, 46, and 43.82. If these levels hold, there could be potential for upside.

What is the resistance level for DJT?

The resistance level to watch for DJT is around 57.42, which is the rising 5-day moving average.

What should I do if DJT drops below 50?

If DJT drops below 50, watch for the support level at 46. If that level fails, the next support is at 43.82.

Is there a chance for DJT to go back up to its previous high?

There is a potential for DJT to go back up to its previous high of 63 if it can hold the support at 53 and break above the resistance at 57.42.

Timestamped Summary

00:07Welcome back! This video provides a quick update on DJT Trump media and Technology Group.

00:15DJT is down over 18% on the day and trading below the support at 53.

01:06Don't chase DJT at the current price. Overbought conditions are leading to this pullback.

02:23Watch out for the support levels at 46 and 43.82. If those fail, DJT could see further downside.

03:10Wait for a better entry point, possibly around 28 or after a significant pullback.

04:47If the support at 53 holds, there could be a potential move back up to 57 and possibly even 63.

05:31Share your thoughts and stay updated on DJT by leaving a comment below.