Retest after the breakout on Berkshire.Today we will take a look at Berkshire Hathaway's price action .
On this chart, we can see two major technical elements.
1) The current ascending trendline started at the bottom of the pandemic sell-off. While the price stays above that line, we should be open to bullish movements coming.
2) The current consolidation. Those structures are great situations to look for the beginning of new impulses. Berkshire has been moving sideways for the last 280 days, and a few days ago, we saw a new ATH, and now the restest is happening.
That's why I have defined an activation level. IF the price makes a new ATH, I expect a bullish movement towards the fibo extensions. An invalidation level in case that happens is below the current correction around 268.77
In case everything goes as planned, my estimate is a 150 days movement towards the target.
IF the activation level is never reached because the price keeps falling, then that's great "your order, or view" was never executed, and you stayed on the sideway. However, if the price reaches the activation level and goes below the corrective structure, that's why you use a stop loss, and you need to securely leave the market, paying your stop loss (which is never higher than 3% of my trading capital)
Thanks for reading, feel free to share your view and charts in the comments!
BRK trade ideas
BERKSHIRE HATHAWAY INC. (BRK.B) is ready to create new ATHBERKSHIRE HATHAWAY INC. strongly pushed itself to the upside of the rectangular pattern. I expect that it breaks its resistance and makes new ATH.
Note: Market has two sides and we should not trade according to prediction and assumption, while you should notice the time of the market.
Possible Rejection At Top Of Channel Trend LineLooks like we could get rejected here at 295.95
It has stayed in this same trading channel since the 10th of May, so if we do breakthrough make sure to watch for a retest on the top trendline and bullish indications (Bullish Engulfing Candle) for entering a long.
If it breaks down then I would look to open a short position/Put and aim for take profit at the bottom trend line in the channel.
$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 with an expected accuracy of 50%.
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BRK.B - STOCKS - 11. OCT. 2021Welcome to our Weekly V2-Trade Setup ( BRK.B ) !
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4 HOUR
Bullish market open..
DAILY
Expecting more buyers shortly..
WEEKLY
Market about to turn in my view.
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STOCK SETUP
BUY BRK.B
ENTRY LEVEL @ 285.25
SL @ 272.86
TP @ Open
Max Risk: 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
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ALAN
Don't underestimate Buffett Well as you can see this chart I made in 2016 worked out very well better than anticipated in fact, people still wonder why Buffett is sitting on $150+Bn Cash!
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Berkshire Hathaway Analysis 25.10.2021Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button.
Thank you for watching and I will see you tomorrow!
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.
If you would like to see the Drift for another stock please message us. Also click on the Like Button if this was useful and follow us or join us.