BERK34 trade ideas
Markets keep turning - Going to wait for more direction I am back to all cash.
I keep getting burned a bit, then a lot of my stop losses are being triggered and alerts as well.
Just seems like things are going down for now.
Going to watch and wait to see what happens. Better for me to be in cash atm and wait for clear direction.
BRK.B Berkshire HathawayBerkshire Hathaway is a holding company for a multitude of businesses, run by its famous Chairman and CEO, Mr. Warren Buffett. Berkshire Hathaway is headquartered in Omaha, Nebraska and began as a group of textile milling plants.
"Multitude of Businesses"
Analysis:
My Father is Charlie Munger...My Uncle is Warren Buffet. This doesn't need a wordy analysis. That'll be disrespectful.
On the 1 hour timeframe, price is simply at a strong support. Very profitable, safe organization. Needs to retrace the previous high. Price broke out of its uptrend and found a solid historical support. Time is champion.
*Not advice, just an idea.
Berkshire Hathaway (BRKB) breakout the Triangle:The technical figure Triangle can be found in US company Berkshire Hathaway (BRKB) at daily chart . Berkshire Hathaway Inc. is an American multinational conglomerate holding company headquartered in Omaha, Nebraska, United States. The Triangle has broken through the support line on 04/09/2021. If the price holds below this level, you can have a possible bearish price movement with a forecast for the next 50 days towards 260.16 USD. According to the experts, your stop-loss order should be at 291.81 USD if you decide to enter this position.
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$BRK.A with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $BRK.A after a Positive over reaction following its earnings release placing the stock in drift B.
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Berkshire Hathaway Inc (BRK.B): Sign of StrengthAnalysis Forecast:
Expect to trade higher, 1st target at US$293
Analysis is For:
Single Stock Tactical Allocation
Swing Trading - Generate Portfolio Alpha
Supporting Technical Observations:
1. Sign of Strength (large volume on buy up day)
2. Fund Flow Index (FFI) Turned Positive
3. Relative Strength Turning but Needs to trade above Zero
Stop Loss
If BRK.B breaks below 14Days SMA, expect trend return to consolidation or turn bearish
Keinselling #4, Berkshire bullish earning playoffsNYSE:BRK.B is about to publish their earnings in next week, there we have good opportunity to bullish play, since Berkshire recently made investment in Kraft Heinz which was overall profitable, blah blah blah. I haven't done much research on that tbh just go to the moon I don't care lmao
BRK.B Swing Idea Looking at Berkshire on the daily we see a clear formation of a triangle breakout with a very green engulfing candle trying to push through the Fibonacci .382 level which is key for a push to 290$+. In my opinion from previous patterns on BRK.B the buyers are heavy and tend to eat this stock when it forms patterns like so. Im grabbing calls as a swing 282.5 @ 1.2! AS for as the stock im already in a position and looking to add more in on dips currently 6k in
Trading sentiment is bearish and awaiting further pullbackThe TRIN backtest built by a third party on Trading View shows clearly the short signal since late May and yet to exit. Those looking to enter the market should wait for further downside consolidation. Besides the Summer seasonal effect kicking in. Looking to average buy from 280 level and accumulate further down. Same signal on SPX, US30, Nasdaq100.