Hello Traders, welcome to today's analysis of Berkshire Hathaway.
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Explanation of my video analysis:
In 2013 Berkshire stock broke above a key resistance area which was acting as resistance for multple years. This breakout was followed by a +300% pump towards the upside. Last month Berkshire stock then also broke out of a long term triangle formation. If we get a retest back to the previous resistance mentioned in the analysis, I will be looking for long-continuation setups.
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I will only take a trade if all the rules of my strategy are satisfied.
Let me know in the comment section below if you have any questions.
Great call. Good stock to buy and hold. 5 year chart grows from bottom left to right. Purchased large position in June and sold 1/2% to take profit in October. Looking to add to my position.
basictradingtv
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@henry62985, great plan henry - that is the most important part!!!
basictradingtv
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If you are also looking for longs on a retest, smash that "Like" button! Keep your long term vision.