Berkshire B - Next stop at?I am willing to invest in this value share but really... I have no clue as to where it is going. Is it a buy or is it going down?
The chart says a good short will give you a huge profit. But... this is Warren Buffet. Is it his moment of truth?
I am going in with my paper trading account for a long. historically it should go up. But the current situation in US says auch.
Who can shed a light on the next election results in favor of Liberals? What would possibly be the effect on this share.
BTW I m a noob. Just started. But I want to go long on this one.
BRKB trade ideas
Berkshire ShortBerkshire Hathaway has long been a leader for the S&P, but it currently looks like the conglomerate is heading into a rough period of time.
The Daily 200 SMA in pink has rolled over bearish, and the key Weekly support level for the past 2-3 years has been breached to the downside.
Being one of the top 10 holdings in the S&P index, if this downtrend continues this could be a stock that acts as a downside-weight for the indexes and market as a whole.
(Plus many big financial names look like shit right now, which should act as a similar downside-weight to more financially-weighted indexes like the Dow)
Long-term Market outlook: BEARISH
(not financial advice, just an opinion)
👍 Berkshire Going To Test Channel Support. (BRK.A)💰 LET'S GET INTO SOME BERKSHIRE HATHAWAY ANALYSIS!💰
1️⃣ First off SMASH that LIKE BUTTON & Give us a FOLLOW for DAILY ANALYSIS! ❤❤❤
(Overall Market Sentiment) 🐻 Bearish
- Daily Chart
- Red Engulfing Candle
- 3/3 EMA DOTS Red
It looks to me that berkshire will continue down to test the upward channel support. Look for all indicators to shift on support otherwise it could be disaster if we breached below that main level.
Best of luck to you and all of your trades this week! 🤜
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🥇MLT | MAJOR LEAGUE TRADER
BERKSHIRE HATHAWAY INC (BRK.B) Trading Plan
Very sexy inverted head and shoulders pattern is forming on berk.
117.0 is our horizontal neckline.
First, we need a 4H candle close above that to confirm a breakout.
then we can buy on retest of the broken structure expecting a further bullish continuation.
target levels are:
183.0
190.0
196.0
stop is below the right shoulder
if the market goes below the right shoulder,
setup will be invalid.
Berkshire Hathway B (BRKb - NYSE) - ABC wave patternBerskhire Hathway B (BRKb - NYSE) is in (W)(X)(Y) complex corrective double zigzag wave pattern and wave (W) & (X) has been completed. The (X) wave took 0.618 times of wave (W) by price. It is very weak compared to SPX and about 13 % holding value of XLF etf. It has now begun the (Y) wave cycle downside. Wave A impulse drop completed today in five wave and correcting up in B wave, which might take 1-3 days to complete. Thereafter wave C will be started again in down direction. This stock is major indication that XLF will go in down direction.
berkshire hathaway daily chart analysishello friends ! i found bullish pattern in berkshire hathaway daily chart that we called double bottom pattern !
the target was showed in the picture ! if the breakpoint from bottom happend !! the analysis failed and the trend change to bearish from bullish
hope it was useful for you my friends .
#berkshirehathaway #stock #wallstreet #stockmarket #nyse
NYSE:BRK.B
BERKSHIRE HATHAWAY Analysis (BRK.B)As long as NYSE:BRK.B doesn't close in an upcoming week above around the 196 , I think there wouldn't be a reason to assume it would go considerably up and really recover .
If it does close in an upcoming week above the 196 significantly It would confirm a considerable bullish move.
I have illustrated some of the potential scenarios in the chart .