$AMZN TOP 20
Added 2024-04-26 11:37:58 +0000 UTC$AMZN are due to report earnings on Tuesday and they have the benefit of seeing how beneficial a dividend and share buyback can do to their share price from $GOOG.
I have no doubt that this will be discussed, if it has not been already in todays end of week meeting and the sign off on the earnings report.
$AMZN have also never paid a dividend before and unlike $GOOG they do not regularly buy back shares, a very small amount has been bought back a couple of years ago.
So doing either of these two will likely have a positive effect on the share price.
That being said, $AMZNs impulse count is a lot clearer than $GOOG, in fact it’s been textbook.
One of the key points is how Wave 4 in October reversed within $1 of the invalidation line infringing on Wave 1….it did not need to be saved at this line if it was not Wave 4.
So is this pull back right now subwave 4 of Wave 5, it’s possible yes and $210 remains above at the 1.618 Fib but I am still favouring our current count.
Either way, the price either extends to $210 or follows the count shown right now, but a pull back will happen.
$AMZN is in a good position now to see the benefit of using these tactics to propel their share price under the current circumstances.
I am still holding 60% of my $AMZN position so either option does not concern me but I would prefer to buy $AMZN at a lower price and if we get a climb to $210, then the ABC levels move higher.
