Berkshire Hathaway Inc. NewDaily chart with ichimoku.
We notice that the LS comes out from the top of the cloud.
Prices rebounded on the cloud.
RSI at 60.34 and MACD above 0.
Make up your mind.
BRKB trade ideas
Buy Berkshire in the lower band of The BollingerBuy Berkshire means buy America, This is Berkshire after Genius Charlie Munger. A lower price means another opportunity to invest.
Will Berkshire Hathaway investors panic when Warren Buffet...Will Berkshire Hathaway investors panic when Warren Buffet passes away?
Few companies are as closely tied to their leaders as Berkshire is to Warren Buffett and was to Charlie Munger.
Munger's recent passing, who served as Berkshire's vice chairman since 1978, signifies the end of an era for the company. While Munger's role was significant, Buffett's influence on the company is even more substantial. Given his age of 93, Buffett's eventual passing could potentially have a large impact on Berkshire's stock price. Investors may be spooked or optimistic about Berkshires possible future. The cult of personality and reverence for billionaires among the investing class suggests that the impact would be negative. But who knows?
In a recent letter, Buffett asserted that Berkshire is "built to last" and will continue to thrive under capable leadership, likely from Greg Abel. Currently the CEO of Berkshire Hathaway Energy and vice-chairman of non-insurance operations, Abel is seen as a potential successor. As pondered by Reuters; will he be willing to divest underperforming or uninspiring businesses, unlike his predecessors who preferred long-term holdings, or whether Berkshire might consider paying its first dividend since 1967?
REST IN PEACE to one of the greatest financial mindsCharlie Munger right hand man to investment giant Warren Buffett has passed away on the 28 November 2023, born 1 January 1924. Not only was he an investment wiz he was great at behavioral psychology.
He started his investment career in 1962 working as a real estate attorney which he gave up to pursue investment management along side Otis Booth, he later went on to form an investment firm with Jack Wheeler to his own firm to 1975. 1978 when he started working closely with Warren Buffett on BERKSHIRE HATHAWAY which owns businesses with a networth of 782.64BILLION in different industries and they have since made an average annual gain of 20.1% every year till 2022, and has made a personal wealth for himself of 2.6 billion.
He considers himself to be a value investor ( investment strategy where investors identify stocks whose prices don't reflect what they are really worth) . Charlie also was a long term investor looking at companies that were high in value and also had the potential to continue increasing in value by holding for a long term compounding gain.
some of his best qoutes are :
-the best way to get what you want is to deserve what you want.
-all intelligent investing is value investing
-the world is not driven by greed but by envy.
the investment community suffered a great loss, Charlie is really one of the greats, showing it pays to be patient and the importance of portfolio diversification.
what have you learned from Charlie Munger yourself?
put together by : Pako Phutietsile ( @currencynerd )
SEPT 21/23 TURN BUY N HOLD WARNING The chart posted is that of what and why I wrote The buy and hold crowd will remember this date . it is that of Berkshire Hathaway class B . I saw that in Jan 2022 we made a High as did the QQQ n SPY in which I wrote in detail 12/8/2021 2022 THE YEAR OF 20%PLUS CORRECTION calling for the drop into the 20 10 4 2 year cycle low and that the drop would be into 3511/3490. But when I saw BERK/B making a higher high into march 29 I knew it was showing me The real buy and hold crowd . and that a shift and a higher would confirm a true top . and based on the fib ratio in time and spirals we would see the non confirmation signal before the BEAR MARKET would be in force . that date was sept 21/23 it came in only 1.5 days early. So the Crash cycle I talk about in history is 55 to 62 days long and in 1929 it was 72 days . this gives me a date of nov 13 plus or minus 2 . Which is also the golden ratio spiral from sept 21 2001 22.14 years F 22 But why sept 21 and not sept 11 2001 The markets were closed until sept 21 sept 11 22.14 is 11/3/2023 and is Not 55 days BUT 11/13/2023 is exactly 55 days and the alt date 11/21-23 .WHERE DO WE GO FROM THERE . I stand by the BULL MARKET from 2009 and odds are now very high from 12/4 1974 ENDED 1/13/2022 and that My call into 10/4 to the 20 focus on the 10th came in on 10/13/2022 WAS WAVE A SUPER CYCLE BEAR PHASE AND HAVE NEVER CHANGED MY VIEW THE RALLY WAS SUPER CYCLE WAVE B. Jan 13 2024 is a LOW not the final Low that is march week 10th to the 16th From there you will get a major BEAR Market rally again The final low NOV 14 2024 target is 2250
Berkshire Hathaway's (NYSE: BRK.A) Key Stocks Milestone
KEY METRICS
Berkshire Hathaway reported a third-quarter net loss of $12.77 billion.
Apple’s 12% fall over the quarter hurt the company’s $350 billion stock portfolio.
The company's cash hoard rose to a record $157.2 billion, thanks in large part to Treasury holdings.
The company continued to slow the pace of buybacks in the third quarter.
Warren Buffett's Berkshire Hathaway Inc. (BRK.A, BRK.B) reported its third-quarter earnings Saturday, which showed a net loss of $12.77 billion but the company's operating income rose by 40.65% from the year-ago period to $10.76 billion.
Yields Boost Cash Hoard
Berkshire continued to expand its huge cash hoard to a record $157.2 billion, up from $147.4 billion in the second quarter.
The cash pile is largely invested in U.S. Treasury bills, which recently surged to 5%. The company increased its Treasury bill holdings by 36% in the last year, which totaled $126 billion in the third quarter.
Berkshire is likely looking to capitalize on the yields that exceed consumer inflation by more than 1 percentage point as rising interest rates have made investments in Treasuries more attractive.
Price Momentum
BRK.A is trading near the top of its 52-week range and above its 200-day simple moving average.
What does this mean?
Investors have been pushing the share price higher, and the stock still appears to have upward momentum. This is a positive sign for the stock's future value.
Three peaks and doomed house Wave B Super Cycle degree.1974/2009The chart posted is that of the longer term super cycle wave B that started from super cycle wave 5 from 2009 low has stated that the 2021 dec forecast super cycle 5 th wave blowoff Parallel to 1907 to 1929 peak and that a correction Bear market would decline at a min .382 of the bull market with the likelihood more like a 50 % decline to 55 % Based on contraction of the FED BALANCE SHEET from 8.4 trillion to min of 4 trillion at a rate of 95 Billion a month has the Fed was at or near ZERO starting march 9 2009 and increased it at a rate of 60 to avg 85 billion per month since march 9 2009. Best of trades WAVETIMER
Is It Worth Investing in Berkshire Hathaway B (BRK.B)Berkshire Hathaway B currently has an average brokerage recommendation (ABR) of 1.67, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by three brokerage firms. An ABR of 1.67 approximates between Strong Buy and Buy.
Looking at the earnings estimate revisions for Berkshire Hathaway B, the Zacks Consensus Estimate for the current year has remained unchanged over the past month at $15.82.
Analysts' steady views regarding the company's earnings prospects, as indicated by an unchanged consensus estimate, could be a legitimate reason for the stock to perform in line with the broader market in the near term.
It may therefore be prudent to be a little cautious with the Buy-equivalent ABR for Berkshire Hathaway B.
Berkshire Hathaway CallsThe price established itself on a strong demand zone and seems like its going to make some gains up to $543,000 area.
Upon reaching that area the price might break through the supply zone, in which case we can expect a rally to the last high of $566,000.
Or else, the trend will reverse back to its current point.
Longing double bottomBullish divergence on the RSI 4 hour, potential double bottom with easy to strategize stoploss just below the recent lows.
looks like that breakaway gap may never get filled.
Berkshire Hathaway: Step by Step 👣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 Trail competitors 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 to hold 200-day moving averageBRK.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 reduce profits which will lower US tax receipts. Based on that, the FED will need to hold interest rates or not raise them much more and this will be supportive in the short run for the market to go higher in the end of the year. I expect the market is going to find a top and then as unemployment rises, we are going to see short term interest rates come down and for the market to have a capitulation event in 2024. If that is likely, then those that want to support the incumbent president will want that crash to happen early enough that there can be an end of year rally for 2024 ahead of the presidential election. There needs to be headlines saying the recession is over.
Three Black Crows, and big time bearish divergence on the MACDThree 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.
BRK.B is breaking downThe 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 the FIBONACCI retracement, the support on the 1.618 line is on level 336.42. If we look more detail, there is a gap between June 29th and 30th which has not been closed.
Patience is 100% needed if we want to get this stock at that level =D
Disclaimer:
The information and recommendations provided are for informational purposes only and should not be considered as financial or investment advice.
BRK, Massive Volatility-Developments, Important Price-Dynamics!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 turn out to be a major factor in determining the stocks future and incoming price-actions. Especially as BRK did not pulled back massively yet this is actually increasing the possibility of no bull-trap to emerge here.
First of all, BRK is recently forming this ever so decisive Ascending-Triangle-Formation on the local timeframe perspective which is likely to be completed within the next times. Once the Ascending-Triangle-Formation has been completed it is going to activate initial target-zones. In this case 5 factors will be important to consider. The first factor on how the momentum shows up once the breakout emerged. The second factor on if BERKSHIRE actually pulls back from the target-zone or it has such a momentum that it continues above it. The third factor on if the major ascending-supports hold and BERKSHIRE emerges with a bounce from there on. The fourth factor on how Apple a major holding of BERKSHIRE develops and the fifth factor on if the U.S. CPI continues to decline.
Taking all these factors into the consideration here now, the next times will be highly important because BERKSHIRE is going to show up with the major decisive volatility developments. When considering this whole dynamic on the global perspective also BERKSHIRE is forming this gigantic ascending-triangle also besides the local timeframe and once BERKSHIRE holds this gigantic ascending-triangle lower boundary it is going to be the impediment of the whole continuations to accelerate, activate the target-zones and reach out to all of the target-zones in the upcoming times.
In this manner, thank you everybody for watching the analysis, support from your side is greatly appreciated.
VP
Berkshire (BRK.B) -> Trend ContinuationMy 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 wealth!
In today's anaylsis I want to take a look at the bigger picture on Berkshire Hathaway.
At the moment you can see that Berkshire stock is retesing its previous all time high which is roughly at the $350 area and we might see another short term bearish rejection.
However considering that the overall trend is still very bullish I am waiting for a simple break and retest of the current resistance level and then I am looking for a trend continuation.
- - - - - - - - - - - - - - - - - - - -
I know that this is a quite simple trading approach but over the past 4 years I've realized that simplicity and consistency are much more important than any trading strategy.
Keep the long term vision🫡
BERKSHIRE, NEW ALL-TIME-HIGH, on GIGANTIC EARNINGS-Bounce!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 with initial Bullish Price-Action there are considerable Stocks in the market that could profit in the past times especially as Q2 of 2023 ended with companies showing signs of a solid recovery due to calming down in inflation and increased production. One of the stocks with major potential right now, is as I detected, Berkshire Hathaway. The company could print a massive income profit for Q2 2023, which is always a great sign for the stock price action to follow through. With this fundamental upwind the technical perspective is showing a similar bullish edge as the price-action bounced into an adequate new all-time-high.
As when considering my chart now, BRK has recently showed up with several important technical factors that transformed the whole chart interface into a completely new dynamic and therefore adding to the potential the BRK stock is converting into recently. BRK strongly held the trend direction above the 150-EMA marked in blue and above the 65-EMA marked in green since the beginnings of the current uptrend in October 2022 where it strongly bounced within the EMA´s as well as within the lower boundary of the ascending-channel. Since then the EMA-structure turned into a main bullish EMA-crossover with the BRK Stock Price-Action bouncing several times within the EMA´s together with the lower boundary of the ascending-channel. This main uptrend is still completely intact and as BRK recently bounced into the new all-time-high region this has been a confirmation for the uptrend to move into a completely new sphere in which the uptrend has primary abilities to accelerate and form an even bigger breakout.
Furthermore, it should be considered that with all the breakout-dynamics going on the stock price-action is still moving in a continued wave-cycle with the third primary expansion wave still going on and as the price-action bounced to an new all-time-high this dynamic is adding to the wave-cycle the stock is trading within. As marked in my chart the stock price-action is now likely to transmute the breakout with a key flag-formation from where the acceleration of the uptrend is likely to move on continuing with the wave-expansion and reaching out to the initial target-zone of the earnings-breakout which is awaiting within the 634300 to 642000 zone as marked in my chart in orange. Once this target-zone has been reached and the bullish momentum is holding on the price-action will have the ability to stay within the area and built up a much larger breakout which will intensify once the breakout above the upper boundary has shown up as marked in my chart. The fact that the wave-count has not finished yet is appropriately adding to this scenario.
Not only the technicals show a main bullish inclinement for Berkshire but also the fundamentals are speaking for itself. As the company finished Q2 with a huge earning profit of almost $36bn in profit this is providing the underlying fundamental base for the price-action to show up bullishly as well. Especially, considering the fundamentals and technicals in combination the fact that the price-action volume also bounced to a new all-time-high right after the earnings report showed up is showing how greatly the technicals reacted to the earnings report and how fundamentals and technicals move bullishly together for this stock. Of course not every stock in the financial markets could show up with such determinations and factors that point into a concrete direction, therefore Berkshire is one of the stocks with a main potential in the current market situation and should be considered to continue with increased potential along the way. As Berkshire granted half of their equity portfolio, in numbers almost $353bn, to Apple being the largest market-cap company this added to the massive gains seen. When Apple continues to have strong earnings for Q3 to Q4 2023 this will support the technical bullish breakout scenario for Berkshire.
Thank you everybody for watching. Support for my idea is appreciated and then let´s move on forward together.
“Luck is a dividend of choice. The better the choice, the luckier you get.”
VP
Berkshire Hathaway: Bearish Gartley Hinting at a 40-60% DeclineBerkshire 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 HOP resulted in a green Shooting Star Candlestick Reversal Pattern that we are working on confirming via a Weekly Bearish Engulfing.
If all goes as expected, I would think that the shares of Berkshire Hathaway will first pull back 27% which would put at the 2022 lows but after that I think it will likely pullback around 40%-60% to fill an unresolved gap at $314,850.00
BRK.B Entry, Volume, Target, StopEntry: 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 strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while evaluating this trade idea. Do not take this trade based on my idea, do not follow anyone blindly, do your own analysis and due diligence. I am not a professional trader.
BRK/BMonthly 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.
BERKSHIRE HATHAWAY, Massive Bull-Pennant On Huge Earnings Boost!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 stock is building this massive bull-pennant formation with the coherent wave-count within already completed and the stock recently showing up with great bullish volatility penetrating the upper boundary and staying above the 100- and 200-EMA to mark them as support. The whole pennant will be completed when the stock finally breaks out above the upper boundary as it is seen in my chart, this breakout will activate the upper target zone marked in my chart between the 525000 and 530000 level. For now, there is a high likelihood given that this whole formation completes in the near future and once this happened the further volatilities as well as targets will be activated.
In this manner, thank you for watching the analysis, all the best!
"Good fortune is when opportunity meets preparation."
Information provided is only educational and should not be used to take action in the markets.
❌ #1 Mistake For The ''Rocket Booster'' Strategy 📉😬Even though this is a beginner's strategy
and very simple if you don't follow
--
these trading rules you will crash and burn
--
that's why you need to watch this video
to learn the #1 mistake in this ''Rocket Booster'' strategy
--
Disclaimer:
I am not a financial advisor, and the information provided here is for informational purposes only.
Stock trading and investing involve risks, and past performance does not guarantee future results.
It's important to conduct your own research and consult with a qualified financial advisor before making any investment decisions.
Always be aware of the potential for loss, and consider your risk tolerance and investment goals before engaging in any trading activities.
The content provided here does not constitute financial advice, and I do not take responsibility for any financial decisions made based on this information.
--
Rocket boost this content to learn more
