Have a cup of Joe with Warren BuffettI don't thing I could have drawn such a perfect pattern with pen in hand.
BRYN trade ideas
Berkshire Hathaway Inc. Class B (BRK.B) JUNE 26, 2019NYSE:BRK.B
Pivot Point: (65 day EMA) $205.42
The long-term trend is considered up when BRK.B is above the 65 day EMA
Our view: Long positions above (65 day EMA) $205.42
Comment: BRK.B remains Bullish above the $205.42 level
Alternative scenario: Below $205.42 BRK.B becomes Bearish , expect further downside to lower levels
BERKSHIRE HATHAWAY Giving Sellers the last opportunityThere is no question that BERKSHIRE has been outstanding since it's listing in 1996 with a solid exponential growth over the years and no scandals or drama to drag the name on the ground, in fact the Wall Street big shoots call this Firm the company that always has cash to buy new companies. Just recently Mr Buffet unveiled that BERKSHIRE owned $861 Million Amazon Stake at the end of March, which really indicated how quick-witted this company is under Mr Buffet fundamentally wise.
Talking or discussing technical, we know the market does not go up or down in a straight line but rather it gives Buyers and Sellers opportunities to invest and make a quick buck or even a good sum of cash. BERKSHIRE has fallen from $223 per share to closing at $205 per share since May 2019. Having to close at 205 we saw its market turning exactly at 50.0% fib level giving sellers an opportunity to go short to $196.78 Per share and for additional confirmation the Stochastic is at overbought indicating buyers are exhausted now giving sellers a small opportunity to make some money.
BRK.B 3 Push + Broken ParabolaClassic Bollinger Band 3 pushes to a high with a broken Parabola for a projected 80% decline.
Berkshire as mirror to the stock marketAS BERKSHIRE preform=the morket does aswell
right now many negative Signs
Will see how this plays
Warren Buffett and his buybacks!All details in the video, let me know if you have any questions, thanks :)
Broken parabola on Berkshire HathawayParabola about to be broken on Berkshire Hathaway.Bad days ahead for Berkshire Hathaway,hope the old man could survive this.
Berkshire Hathaway bearish Garthley MMHVW - see chart - bear Garthley combined with rising wedge. This is where the wise money is invested.
BRK.B BERKSHIRE HATHAWAY. Is it time to Sell!! Targeting 191Second Shoulder forming pattern . down trend for 2 months at least . indicators over bought . Target with down trend are Yellow boxes ..
OversoldWe have dropped very sharply and the RSI shows an oversold condition. The more the momentum is declining.
Retracement DoneA Fibonacci retracement of the latest decline has been done and this may continue now.
Berkshire (Warren Buffet) Sell $209.36 >>> Target $205.92NYSE:BRK.B
Berkshire Hathaway Inc (Warren Buffet)
Stock - NYSE (USA)
Profit:Risk = 1.65:1
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Sell = $209.36
Take Profit = $205.92
Stop Loss = $211.44
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Take Profit = +1.64%
Stop Loss = -0.99%
Possible long opportunity with BRK.B Sort of a bullish penant and ascending triangle in one wait for 78.6 break for conformation. Happy Trading!!
BRK.B Short opportunity Berkshire B has developed a very nice 4 month pattern since the beginning of 2019 and I believe that it is a rime time for a shorting opportunity. Looking at a 4 hour chart the risk would be a little bit under 1% while the reward would be in the 4.5% area. Definitely something to keep an eye on if it can make a slight push towards the 206.5 area.
BRK.B back-to back harmonic patterns opportunities!To be honest, I've never trade or invest in BRK.B in my entire financial career.
As an investor, I don't like to pick a no-dividend stock; as a trader I don't like its low volatility.
While, it's also been relatively much weaker than the market since 2019 because of the KHC investment and other factors.
To take a trade with an out below 184.00 is my idea as that would be a very important out!
Here we got these back-to-back harmonic patterns, so I'll be waiting to buy at the 188.5 spot.
Let's see how it goes!
Correction DoneThe rise from 197,03 that begun March 3rd has now been retraced. It can rise now again.
The Opening Gap...... has been closed now and due to yesterday's pressure upwards I expect a renewed rise today.
