Trump Media drops after Manhattan court verdict

Trump Media drops after Manhattan court verdict

(Finance) – Reduction for Trump Media & Technologywhich changed hands at a loss of 8.52%, after the guilty verdict of the former president, convicted on 34 charges.

Trump was found guilty by a Manhattan court jury of falsifying documents to hide a scandal that threatened his 2016 campaign.

The comparison of the title with the Nasdaq 100on a weekly basis, shows the greatest relative strength of Trump Media & Technology compared to the index, highlighting the concrete attractiveness of the stock by buyers.

The short-term technical framework of Trump Media & Technology shows an upward acceleration of the curve with a target identified at 28.72 USD. Risk of falling to 25.54 which will not jeopardize the health of the current trend but which represents a temporary correction. Expectations are for an extension of the bullish trendline towards 31.9.

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