Berkshire Hathaway: Wait for a lower buy entry.

NYSE:BRK.A   Berkshire Hathaway Inc
BRK is trading within a Channel Up on the 1D chart (overbought RSI = 75.715, MACD = 9999.000, ADX = 38.918), since the late March bottom. The price is pulling back slowly off the Higher High trend-line of the Channel Up, with both the MACD and RSI , waving bearish flags. The most optimal buy entry has been below the 1D MA50, so we advise long-term investors to exercise a two tier entry, one on the 1D MA50 and the other on the Higher Low trend-line. Once the bottom is made calculate roughly a +20% rise as your target.

** If you like our free content follow our profile to get more daily ideas. **

Comments and likes are greatly appreciated.

** Also DONATIONS through TradingView coins help our cause of increasing the daily ideas put here for free and reach out more traders like you. **

High quality portfolio management, signals & asset allocation with excellent risk management. We provide daily reports custom to each client's preferences, directly to email/ telegram


The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.