BRK.B overshot MEGAPHONE Target, may retest soonBRK.B now making wave 5 of a bigger wave 3 & may go higher
especially so if the market rotates into value stocks
considering that yields have been putting pressure on growth & tech stocks lately.
BRK>B may soon come back down to retest brakeout zone
or the megaphone before going higher.
pls make own analysis & comment.
4BRK trade ideas
Berkshire Hathaway B: Previous support provides good risk/rewardBerkshire Hathaway B - Short Term - We look to Buy at 275.30 (stop at 268.50)
We look to buy dips. We are trading within a Bullish Ascending Triangle formation. Previous support located at 275.00. The primary trend remains bullish. We look for a temporary move lower. The bias is still for higher levels and we look for any dips to be limited. Further upside is expected although we prefer to set longs at our bespoke support levels at 275.00, resulting in improved risk/reward.
Our profit targets will be 293.50 and 296.50
Resistance: 288.70 / 293.50 / 300.00
Support: 275.00 / 271.00 / 247.00
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Another Money Shifts is about to happen in the market..!I would like to start this forecast with this Peter Lynch quote:
“In this business, if you’re good, you’re right six times out of ten. You’re never going to be right nine times out of ten.”
It means, the best traders are never right all the time, they make losses too. Focus on getting more trades right than wrong and you’ll be considered successful.
Having said that, If you want to increase your chance of success you need to evaluate the market situation, individual sectors and industires; and then find the best stocks with the highest chance of appreciation to go long and highest chance of depreciation to go short!
I monitored Waren Buffet's porfolio and Berkshire performance for a year and compared it with Nasdaq 100 and find out a possible top in BRK.A could be an early sign of the end of Nasdaq 100 correction..!
BRK.A vs NDX:
(Some times there is value in a comparing Apple and Oranges)
In my Dec 16, 2021 analysis (Editor's Pick) I mentioned:
Based on the pattern in the charts and the past 2 days of high volatility in the market, the most probable scenario could be a complex correction and a shift from tech stocks to Banks, Energy, and Telecommunications.
Please review the performance of these sectors in the past 3-4 weeks!
Now let's review the current situation:
Based on my current observation Value stocks started forming top patterns:
Example:
NASDAQ:COST
NYSE:UNH
NYSE:HD
NYSE:KO
NYSE:MCD
Berkshire owns all the aboe mentioned stocks except UNH!
Conclusion:
I think there is a good chance we see shift from value stocks to Tech stocks once again in the next one or two weeks which could push them up around 5%!
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
1/9/22 BRK.B Berkshire Hathaway Inc. New ( NYSE:BRK.B )
Sector: Finance (Multi-Line Insurance)
Market Capitalization: 714.396B
Current Price: $319.78
Breakout price: $301.50 (hold above)
Buy Zone (Top/Bottom Range): $305.00-$296.75
Price Target: $329.00-$334.50
Estimated Duration to Target: 100-106d
Contract of Interest: $BRKB 6/17/22 345c
Trade price as of publish date: $6.60/contract
Major Top for BRK.BAbout every decade BRK.B has a major top. Drawing a fib from the Dot.com correction in 1999 the 2.618 called the top of the Great Financial Crisis in 2007, and the 4.414 called the next major top in 2014. Drawing a fib from the GFC the 2 was almost hit during the top in 2014, and 4.414 called $294 as the next decade's cycle top, which has been rejected twice this year. The four major tops are actually spaced apart by about seven years (1999, 2007, 2014, 2021).
The daily chart has formed a triple top over the past six months. Two shooting star candles confirmed that $294 is seemingly insurmountable resistance, the first on May 10 and the second on November 8. Although this may continue to consolidate for months or longer, the upside is very limited, the opportunity cost is high, and an eventual correction can be expected.
Berkshire Hathaway Triple Witching expires todayBerkshire Hathaway (BRK.B) 12/17 Triple Witching contracts expire today. BRK.B is at all-time highs sitting at a major resistance level. On December 3rd it hit a low of $275.27 and then it has been on a bull run since. This analysis is a contrarian idea that's opposite of the recent price action, based on patterns from the previous four Triple Witching expiration dates 12/18, 3/19, 6/18, 9/17. Now obviously, from the net volume inflow since December 3rd, institutional investors rotated into (value) BRK.B as a capital safe haven from the Omicron market volatility, Triple Witching expiry and FOMC meeting. Is there going to be a net volume outflow today?
Q3 September 2021
EPS = $2.87
Revenue = $70.6B
P/E = 7.887
price levels on the 1day chart
SMA200 = $278.83
SMA150 = $283.25
SMA100 = $283.25
SMA50 = $285.10
Trend channel
R3 = $301.32
R2 = $295.79
R1 = $290.26
pivot = $284.36
S1 = $278.83
S2 = $272.93
S3 = $267.40
Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends...
*3x lucky 7s of trading*
7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
Balance sheet
7 Common mistakes:
+5% portfolio trades, capital risk management
Beware of analyst's motives
Emotions & Opinions
FOMO : bad timing
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors, no adaptation
7 Important tools:
Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big, organized desk
Reading books, playing chess
Sorted watch-list
Checkout my indicators:
Fibonacci VIP - volume
Fibonacci MA7 - price
pi RSI - trend momentum
TTC - trend channel
AlertiT - notification
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Retest after the breakout on Berkshire.Today we will take a look at Berkshire Hathaway's price action .
On this chart, we can see two major technical elements.
1) The current ascending trendline started at the bottom of the pandemic sell-off. While the price stays above that line, we should be open to bullish movements coming.
2) The current consolidation. Those structures are great situations to look for the beginning of new impulses. Berkshire has been moving sideways for the last 280 days, and a few days ago, we saw a new ATH, and now the restest is happening.
That's why I have defined an activation level. IF the price makes a new ATH, I expect a bullish movement towards the fibo extensions. An invalidation level in case that happens is below the current correction around 268.77
In case everything goes as planned, my estimate is a 150 days movement towards the target.
IF the activation level is never reached because the price keeps falling, then that's great "your order, or view" was never executed, and you stayed on the sideway. However, if the price reaches the activation level and goes below the corrective structure, that's why you use a stop loss, and you need to securely leave the market, paying your stop loss (which is never higher than 3% of my trading capital)
Thanks for reading, feel free to share your view and charts in the comments!
BERKSHIRE HATHAWAY INC. (BRK.B) is ready to create new ATHBERKSHIRE HATHAWAY INC. strongly pushed itself to the upside of the rectangular pattern. I expect that it breaks its resistance and makes new ATH.
Note: Market has two sides and we should not trade according to prediction and assumption, while you should notice the time of the market.
Possible Rejection At Top Of Channel Trend LineLooks like we could get rejected here at 295.95
It has stayed in this same trading channel since the 10th of May, so if we do breakthrough make sure to watch for a retest on the top trendline and bullish indications (Bullish Engulfing Candle) for entering a long.
If it breaks down then I would look to open a short position/Put and aim for take profit at the bottom trend line in the channel.
$BRK.A with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $BRK.A after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 50%.
If you would like to see the Drift for another stock please message us. Also click on the Like Button if this was useful and follow us or join us.
BRK.B - STOCKS - 11. OCT. 2021Welcome to our Weekly V2-Trade Setup ( BRK.B ) !
-
4 HOUR
Bullish market open..
DAILY
Expecting more buyers shortly..
WEEKLY
Market about to turn in my view.
-
STOCK SETUP
BUY BRK.B
ENTRY LEVEL @ 285.25
SL @ 272.86
TP @ Open
Max Risk: 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
Leave us a comment or like to keep our content for free and alive.
Have a great week everyone!
ALAN
Don't underestimate Buffett Well as you can see this chart I made in 2016 worked out very well better than anticipated in fact, people still wonder why Buffett is sitting on $150+Bn Cash!
NYSE:BRK.B
NYSE:BRK.A
BCBA:BRKB
CAPITALCOM:BRKB
SP:SPX
TVC:NDX
CURRENCYCOM:US100
CURRENCYCOM:US30
NASDAQ:TLT
AMEX:SPY
NASDAQ:QQQ
CRYPTOCAP:TOTAL
FOREXCOM:SPXUSD
OANDA:SPX500USD
Berkshire Hathaway Analysis 25.10.2021Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button.
Thank you for watching and I will see you tomorrow!