Digital World Acquisition: Trump Social Media Stock Analysis & More
This week we discuss Trump's social media stock, Digital World Acquisition (DWAC), and provide analysis of it and various other stocks. We have traded DWAC twice now and we will be looking to get back in. We like Alphabet (GOOGL) and ON Semiconductor (ON) as swing trades to the long side as the stock charts look very bullish.
We also like Netgear (NTGR) stock as it enters extreme oversold territory. We will be looking to take advantage of a short covering rally off of historical support levels.
Nucor (NUE) looks like it will be a good options trade if we use a strategy called a "strangle." We will be the casino and not the gambler. What does that mean? It means that we will be selling options and not buying them, therefore putting the odds of profitability in our favor.
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