Berkshire Hathaway will begin to go bearish this week?
Berkshire Hathaway, Buffett's company, released its 10-Q report on Saturday, revealing a massive reduction in its Apple holdings, down nearly 50%. This is likely to put some selling pressure on Apple.
Now check the weekly chart of Berkshire Hathaway.
It closed as a bearish engulfing candle last week, signaling the start of a pullback.
So the price might continue to drop this week.
We could pay attention to the support level from previous high because the daily chart may have a short-term callback here.
Now check the weekly chart of Berkshire Hathaway.
It closed as a bearish engulfing candle last week, signaling the start of a pullback.
So the price might continue to drop this week.
We could pay attention to the support level from previous high because the daily chart may have a short-term callback here.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.