Berkshire Hathaway: Clear Wave Structure Offering More GainsWhen I scan through charts, whether it’s stocks, currencies, or commodities, I want to focus on something that has a clear wave structure. Patterns like this allow me to read price action with more confidence, without needing to guess or force an opinion. Berkshire Hathaway is one of those charts ri
Key facts today
Berkshire Hathaway Class B shares (BRK.B) closed at $499.25, reflecting a decrease of $0.78 in the latest trading session.
1,350 ARS
81.49 T ARS
340.11 T ARS
About Berkshire Hathaway Inc.
Sector
Industry
CEO
Warren Edward Buffett
Website
Headquarters
Omaha
Founded
1839
ISIN
ARBCOM4603L1
FIGI
BBG00ZL7CTL3
Berkshire Hathaway, Inc. is a holding company, which engages in the provision of property and casualty insurance and reinsurance, utilities and energy, freight rail transportation, finance, manufacturing, and retailing services. It operates through the following segments: Insurance, Burlington Northern Santa Fe, LLC (BNSF), Berkshire Hathaway Energy (BHE), Pilot Travel Centers (PTC), Manufacturing, McLane, and Service and Retailing. The Insurance segment includes the underwriting of GEICO, Berkshire Hathaway Primary Group, and Berkshire Hathaway Reinsurance Group. The BNSF segment involves the operation of railroad systems. The BHE segment focuses on regulated electric and gas utility, power generation and distribution, and real estate brokerage activities. The PTC segment consists of managing travel centers and marketing of wholesale fuel. The Manufacturing segment refers to industrial, consumer and building products, home building, and related financial services. The McLane segment covers the wholesale distribution of groceries and non-food items. The Service and Retailing segment relates to the provision of shared aircraft ownership programs, aviation pilot training, electronic components distribution, retailing businesses, automobile dealerships and trailer, and furniture leasing services. The company was founded by Oliver Chace in 1839 and is headquartered in Omaha, NE.
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Berkshire Hathaway (Class B) TANYSE:BRK.B — Daily
Set-up: After a 4-month downtrend, price based at $455.19 on increased volume. Since then, an 8-wave EWT fractal has played out and price has coiled into an ending/contracting triangle.
Evidence
Trend exhaustion signals: CCI pushed outside its Bollinger band on 5 Jun and 4 Aug
Berkshire Hathaway Inc(NYSE) (W)- Renewed institutional interestBias : Currently bullish on the weekly timeframe as long as price sustains above $504.73 with volume support. A breakout above $534.68 would confirm strength toward $564–595 zones.
Potential Scenarios
Bullish Case
If price holds above $504.73, next upside targets are:
$534.68 → strong resistance
Berkshire: All Set for a Bullish MoveBerkshire is all set for a bull move.
Price has taken support at the 200-day EMA and is continuing the uptrend.
This pattern has repeated many times on this specific stock.
With a close stop-loss investors can ride the forthcoming bull wave.
(For educational purposes only)
sellers seem to relinquish control, upcoming cheap =BUYers world1->3 : create a lower low , this makes
total sense in a downtrend, simply a
continuation
3->4 : surpass the sellers from number 2 ,
this creates a logical change in perception,
the people in control of the market are no
longer the sellers from number 2 , but the
buyers who have originated and push
See all ideas
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
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