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BERKSHIRE HATHAWAY CLASS ABERKSHIRE HATHAWAY CLASS ABERKSHIRE HATHAWAY CLASS A

BERKSHIRE HATHAWAY CLASS A

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BRKA trade ideas

Berkshire Hathaway A [Long term analysis]Good 'ol Berkshire Hathaway Class A shares. Looks like BRK.A is at a potential reversal zone, and this could be a good chance to either a) Short until desired targets or b) Wait for support and signs of reversal at the 23.6%, 38.2% or 50%. If we do indeed reverse at this zone, this will be our wave 4 correction yielding an extended wave 5 afterward. According to Elliot Wave theory if a third wave fails to make it past 1.618x of the initial wave 1, you can expect an extended wave 5 which will have targets of 1.0x, 1.618x or 2.618x of wave 1 to 3 projected from the wave 4 bottom. This count is invalidated if we close above $330,000 on the M1 interval. The R:R on this position would be about 1:3.5 A brief recap of BRK.A drops: 3/1973 - 1/1975 - 59.1% drop (S&P lost 44%) - US economy in recession resulting from oil crisis and fallout from Breton Woods Agreement. 10/1987 - 10/1987 - 37.1% drop (S&P lost 34%) - Black Monday Stock crash. 6/1998 - 3/2000 - 48.9% drop (S&P gained 27%) - Just before dot-com bubble burst. 9/2008 - 3/2009 - 50.7% drop - The darkest days of the great financial crisis. S/L: $330,000 Entry : $296,000 Target 1: 23.6% / $258,570 Target 2: 38.2% / $223,051 Target 3: 50% / $194,334 "If you can keep your head when all about you are losing theirs... If you can wait and not be tired by waiting... If you can think - and not make thoughts your aim... If you can trust yourself when all men doubt you... Yours is the Earth and everything that is in it."
NYSE:BRK.AShort
by Godly
2
Price is in the period of adjustment down to the Q2 - 2019Technical Analysis: In long term view, prices are in the cumulative sizewave area with lower peak. In the medium term, the buying power is weakening, not breaking the previous resistance. In the above analysis buy zone: The strong psychological dispute occurred in the 50 fibo area, there is a possibility of price adjustment down here appears the strong buy and recover to the old peak. If in the long term the third quarter of 2019, strong buying power still does not make the price increase from the old peak, prices will fall sharply in the double pattern. In my opinion, technically and based on our analytical method, the price of this top stock reflects the general market situation, so if it falls sharply, it is a sign of the upcoming economic downturn. .
NYSE:BRK.A
by thienpc