Bullish option flow was detected in DWAC stock on January 14, 2022. It seems as if lower trading IQ people are throwing caution to the wind as they invest in what is likely an FBI operation to better track “insurrections” and “terrorists”. Wasn’t it the FBI that lamented that big tech banning so many people made their job harder to track suspected insurrections and terrorists? Now all these folks will be concentrated into a single platform that the FBI, NSA, and other government-contracted entities will no doubt have their hands all over, not to mention the SEC! Like folks didn’t learn their lesson from January 6th? This makes DWAC a VERY RISKY proposition to invest in, IMO. I know, f*#k me, right?
Bullish Option Flow
Make sure to review this lesson on option flow so that you understand the image above.
Trump’s Truth Social scheduled to launch on February 21, Reuters says
On January 6, 2022, former President Donald Trump’s new media venture, Trump Media & Technology Group, plans to launch its social media app Truth Social on February 21, according to an Apple (AAPL) App Store listing, reported Reuters’ Krystal Hu and Helen Coster. As previously reported, Trump Media & Technology Group has agreed to go public through a merger with Digital World Acquisition (DWAC), which jumped ahead of the closing bell after Reuters’ report. Source: https://www.reuters.com/world/us/trump-launch-his-social-media-app-february-listing-shows-2022-01-06/
📺 DWAC Stock, The Big Launch[embedyt] https://www.youtube.com/watch?v=5KvbzenXqEw[/embedyt]
📈 DWAC Stock Technical Analysis
Both the short term and long term trends are positive. This is a very positive sign. Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up. Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
There is a support zone ranging from 53.00 to 53.54. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame. There is also a support zone ranging from 49.33 to 49.83. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
There is a resistance zone ranging from 70.89 to 71.26. This zone is formed by a combination of multiple trend lines in multiple time frames.
DWAC has an average technical rating and it also does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first. Click here to sign up for email alerts on when DWAC stock consolidates and is a good entry.