AMZN Pre Split Run Follow Up (Patreon)
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This will be interesting to watch - up 21% in 21 days since the IADSS buy signal.
The system has never seen a 20:1 split before - exceedingly rare and during these times now sure how this will play. One thing is for certain, it is attracting the attention of retail investors - rem 5 shares today = 100 shares Monday. The historic cheap price - last time AMZN traded at 120 was 13 years ago - could drive more demand.
It does indicate on the MR that we are running out of steam [blue arrow above]. I will trade based on this if I see enough confluence based on what is historically a "Post Split Duck" but with the huge drop in price it may not happen.
Stay tuned.