Digital World Acquisition $DWAC Stock Up On Bullish Option Flow

  • Post category:Options Trading
  • Reading time:4 mins read
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Bullish option flow was detected in DWAC stock on January 18, 2022.

Bullish Option Flow

Dwac 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:

Trump says new media company likely ‘up and running’ in Q1, Fox News reports

On December 22, 2021, former President Trump said his new media company will likely be up and running in the first quarter of 2022, telling Fox News in an exclusive interview that the platform is currently “under development” and will be a way of “getting our voice out to a lot of people.” “I’d like to say the first quarter of this year coming up,” Trump said, when asked about a timeline. “We think we’ll be in great shape, and you know, it’s moving along very well, and we think we’re going to be in great shape.” The Fly notes that Trump Media & Technology Group has agreed to go public through a merger with Digital World Acquisition. Source:



📈 DWAC Stock Technical Analysis

Dwac Stock

The long and short-term trends are both positive. Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up. DWAC is currently trading in the middle of its 52-week range. The S&P500 Index however is trading in the upper part of its 52-week range, so DWAC is lagging the market slightly. 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 53.37 to 54.62. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames. There is also support at 49.83 from a horizontal line in the daily time frame.

DWAC has an average technical rating and it also does not offer a high-quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation. Click here to sign up for email alerts on when DWAC stock consolidates and is a good long entry.

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