Although the last few days have been volatile, the price of Berkshire has now backed the low of the magenta wave (1) and is currently in an uptrend. The same colored wave (2) should reach $360 before a reversal takes place. The 37% probability alternative scenario is for the price to rise further, which would come into play on a break of the resistance at $373.34.
Berkshire Hathaway Inc . (NYSE:BRKa)'s Class B shares (NYSE:BRK.B) continued their upward trend for a third consecutive day on Friday, with a modest gain of 0.37%, closing at $346.34. This comes amidst a broadly positive market, where the S&P 500 Index and Dow Jones Industrial Average advanced to 4,308.50 and 33,407.58 respectively.
BRK.B may come down to the 200-day simple moving average (yellow line) but if we are still in an uptrend then it should bounce from there.
I think market sentiment is overly negative. Expectations for inflation is as high as in Q4 2022 when inflation was very high in the US. If the interest rates, go up further then this will finally harm employment levels and...
Three Black Crows candlestick pattern, and big time bearish divergence on the MACD, this has been a superior run.
I think that a retest of the 200 day SMA is in order here, which is also around the .386 fib.
It could go lower of course, but its really hard to bet against warren, hes just too good.
The support of the uptrend channel has been penetrated last week on Sep 25th and already reached its first support line on level 347.48 on oct 2nd and made a 3 white soldiers pattern.
Will it keep going down to the next support on level 342.33? if we see the pattern and MACD, there is no sign of reversal yet, which means this stock is still going down.
Using...
Hello There!
Welcome to my new analysis about BRK on several timeframe perspectives. The BRK stock is one of the few stocks within the recently bearish inclined stock market that is actually showing all-time-high developments with the price-action bouncing into a new all-time-high. Within this case there are important underlying dynamics going on which could...
My name is Philip, I am a German swing-trader with 4+ years of trading experience and I only trade stocks , crypto , options and indices 🖥️
I only focus on the higher timeframes because this allows me to massively capitalize on the major market swings and cycles without getting caught up in the short term noise.
This is how you build real long term...
Hello There!
Welcome to my new analysis about the Berkshire Hathaway Stock Fundamental- and Technical Analysis on the Daily Timeframe Perspective. As the Inflation is calming down due to effective reduction of the money supply the Stock Market is showing up with interesting gems right now adding to potential gains as the major Stock Market Indicies continued...
Berkshire Hathaway is currently trading at the HOP level of a Bearish Gartley and at this HOP level, upon close, will likely confirm a Bearish PPO Confirmation Arrow as the PPO Oscillator itself gets closer and closer to breaking below a well established trend line.
Along with that, we have some Bearish Divergence on the MACD and the price action we got at the...
Entry: with price above 364.63
Volume: with volume greater than 5.4M
Target: 382.41 area (this is an area, no guarantee it reaches this price, but you should be selling on the way up)
Stop: Depending on your risk tolerance; Based on an entry of 364.64, 355.75 gets you 2/1 Reward to Risk Ratio.
This LONG swing trade idea is not trade advice and is...
Monthly has gone green to red with a potential RSI divergence forming. Still a week to reverse this, but last week formed a bearish engulfing candle on the weekly chart, so I'm not anticipating that. Will be keeping an eye on this one.
Hello,
Welcome to this analysis about the Berkshire Hathaway Stock on the 4-hour timeframe perspectives. As I detected the stock has shown up with great earnings numbers recently with the earnings showing substantial percentages upward, besides that I spotted a main pivotal formation forming here. As when looking at my chart now we can watch there that the...
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Stock trading and...
Hi my friends,
Welcome to this update-analysis about BERKSHIRE and the recent events, how it is approaching the critical range, what we can expect the next times, and how to handle upcoming situations accordingly. The stock confirmed the before mentioned possible movement and bounced at its lower boundary to move upsides testing the remaining strong...
Let's put the possible double-top formation pattern aside and look under the hood.
The most recent Berkshire Hathaway 13F filing was on August 14, 2023. The top 10 holdings, as a percentage of the portfolio, were as follows:
Apple (AAPL): 49.6%
Bank of America (BAC): 8.0%
American Express (AXP): 6.5%
Coca-Cola (KO): 5.4%
Chevron (CVX): 4.2%
Kraft Heinz (KHC):...
Warren Buffett, the legendary maestro of Wall Street, is making headlines once again. In an environment of soaring inflation and already high-interest rates, Berkshire Hathaway is outperforming and beating its benchmark, the S&P 500. But a crucial question looms: Are we witnessing the end of an era or a late renaissance for the Oracle of Omaha? And does this raise...
Hello Traders Investors And Community, welcome to this analysis about recent events, the current price-structure and what we can expect the next days and hours from BERKSHIRE one important stock under the 10 biggest in market cap in which I found important and significant signals which will determine the further outcome sustainable. As the overall market recovered...
