BRKBD trade ideas
Prepare to Leave Berkshire HathawayEven Buffett himself is not going to tell you that his company is immuned to the trials and tribulations of the market cycle. Because it is not.
Berkshire Hathaway, Super Up+/// ->Yes the great body benefited (immediately) with the election of the new president of the USA (mister TRUMP) is the sector dedicated to insurers // an example of this we can clearly see the graphs of Berkshire Hathaway (/ > Our friend;) Warren Buffett) /:)/
Berkshire Hathaway - Breakout to where?Post Trump's election BRK has broken out to the upside but my Elliott wave count suggests that it may not have much further to go with some upside resistance provided by a combination of the 1.618 Fib extension, the parallel channel and a Andrews Pitchfork median line. It all suggests to me that the post election market euphoria may be short lived.
#BRK.B - take to set long positionOn this moment we are in support zone. This should be nice opportunity to go long in that stock. Resistance is somewhere around 150.50$. Stop Loss should be set below 142.50$. This will be nice swing :)
Berkshire B LONGBerkshire Hathaway B class share pulling back to nice uptrend support going back to 2011
Is Berkshire on the hop?Price > 221.300 --> Shortterm Buy-Signal --> TP 230.000
Price > 230.000 --> Longterm Buy-Signal
BRK.B Head and Shoulders1. BRK.B has made a very clear head and shoulders
2. The fractal pattern of Sep 15 to Jan 16 fits quite well, and even offers two touches to 61.8% support
3. The company is largely in defensives, hence great upside is unlikely. The Summer S&P dip will be reflected here.
4. Warren and Charlie, God bless them, are not getting any younger.
Now is the time for long-term investors to take some of their BRK.B profits, and for traders to consider a summer short.
Possible head and shoulders on Berkshire Wait for it to break the neckline at 140 with strong volume then short
Long Berkshire to the next levelBerkshire is a diversified group that is a representation of the economy in general. It broke the orange channel. If it broke through the next yellow line it would go for the upper yellow line
BRK.B Berkshire as market barometer.BRK.B has followed the market higher since Feb 11th, I am setting alerts early. We will see if the market correction since the beginning of 2016 was only a dip to be bought, or an early warning sign of a bearish trend unfolding in the months to come. Similar health checks can be done with SPY:IWM, COPX, FDX, TLT, HYG, FXY, UVXY.......
Real Breakout or very dangerous False Break ?$BRK.B gapped up above a daily downtrend line yesterday following Warren Buffet's letter.
The trend line, that started back in November 2015, was broken but the price was rejected from the 200 SMA line and the completion of bearish Bat pattern.
Now, $BRK.B price needs to prove that the breakout is real.
1. It must close the week above the daily downtrend line.
2. It should overcome the 200 SMA line to signal stronger bullish move.
If $BRK.B will decline below the daily downtrend line, it will be a bearish signal that can be saved only if the price will find support near 130 - The meeting zone of 2 daily SMA lines.
So where do you think BRK.B is heading? and what does it means for the stock markets?
Tomer, The MarketZone.net
Follow me on TradingView
Follow my blog - goo.gl
Subscribe to my mailing lists - goo.gl
Berkshire Hathaway get ready to shortDo not short yet on open hours, Ride the last bit of bull first.
But get ready to short anytime starting monday or tuesday.
- Bearish divergence
- high RSI
BERKSHIRE HATHAWAY waiting for completion of a bearish CypherEntry point at 78,6% Fibo of XC
SL little above X (in fact a strong breakout at the resistance line could be a signal for closing this position)
TP at 61,8% Fibo of CD leg or even lower, because this is a trend following Cypher Pattern
Monthly BRK/A study - Possible Parabolic Climax?Just an interesting study using arcs and Fib retracements. Using BRK for an overall proxy for our markets to gain insights as to if we may be nearing a generational top.
This chart suggests to me that we may be closer to some sort of top than we are to the beginning of a new secular bull market as some have suggested.
