Earnings report is out after the close today
Big question is, will Buffett and TLI be correct here and we get a move up to start Wave 5 today or will this break down from the Buffett BUY ZONE and test the bottom of the wedge at $52 next?
Buffett is known to heavily influence management and I expect there will either be an increased dividend payment or a share buy back announced.....or both.
If both are announced then this should bounce....as it did with $DIS.
The price is below the 50 and 200 Day MA right now so the market is showing that they are not overly confident about the earnings.
Let's see in 2 hours.
M
2024-02-14 19:25:31 +0000 UTCNalaikPanda
2024-02-14 19:21:37 +0000 UTCBaktash Azizi
2024-02-14 19:20:59 +0000 UTC