BRK/B trade ideas
berkshire hathaway daily chart analysishello friends ! i found bullish pattern in berkshire hathaway daily chart that we called double bottom pattern !
the target was showed in the picture ! if the breakpoint from bottom happend !! the analysis failed and the trend change to bearish from bullish
hope it was useful for you my friends .
#berkshirehathaway #stock #wallstreet #stockmarket #nyse
NYSE:BRK.B
BERKSHIRE HATHAWAY Analysis (BRK.B)As long as NYSE:BRK.B doesn't close in an upcoming week above around the 196 , I think there wouldn't be a reason to assume it would go considerably up and really recover .
If it does close in an upcoming week above the 196 significantly It would confirm a considerable bullish move.
I have illustrated some of the potential scenarios in the chart .
BERKSHIRE HATHAWAY INC (BRK.B) Trading Plan
Very sexy inverted head and shoulders pattern is forming on berk.
117.0 is our horizontal neckline.
First, we need a 4H candle close above that to confirm a breakout.
then we can buy on retest of the broken structure expecting a further bullish continuation.
target levels are:
183.0
190.0
196.0
stop is below the right shoulder
if the market goes below the right shoulder,
setup will be invalid.
Berkshire HathawayMeme stock and overrated, past its prime. This is a 3 month log form chart such that each candle represents 1 quarter.
Price popping out of this multi year wedge was a bull trap - lots of bulls trapped in there. Channel support is target.
I can't afford to short this, but I want this on the record.
Good Entry For Berkshire?NYSE:BRK.B Reversing to bullish trend, Stoch RSI pointing up, idea for bullish entry for swing trade.
Disclaimer:
I do not offer financial advice nor am I a certified financial advisor. I am self educated in investing and trading in the stock market with 20 years of experience and share information here as contribution to the community.