AMZN collapses!
$NVIDIA Corp(NVDA)$ $Microsoft(MSFT)$ $Oracle(ORCL)$ $ServiceNow(NOW)$ all green. AMZN collapses. Same story for 2 weeks. Sale off accelerated after the investors meeting when shareholders requests for capital return were ignored. Sadly, AMZN announced a $10b buy back 2 years ago. They have not bought one single share. No dividend despite $Meta Platforms, Inc.(META)$ and $Alphabet(GOOG)$ $Alphabet(GOOGL)$ proving the importance of having a token dividend.
The washout is coming folks, this weakness day after day isn't going to continue without a washout happening. A washout is when a dam finally breaks on the seller's side of the fence and a massive amount of selling takes place in a short amount of time which pushes the stock price down big time without a significant rebound on that same day. This will lead to the pullback I keep referring to.
It's coming folks, stop losses are being tightened no doubt, and once they start triggering look out.
Falling Down Hunting GIF by CATCHIN' DEERS
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