BRK trade ideas
Berkshire Down But Not OutMulti month channel support trendline may act as support for a bullish after earnings
Berkshire Falling wedge doom again?Looks like OTC:BERK is setting itself up for failure again, as in 2009 to retrace quite a bit.
BERKSHIRE HATHAWAY INC (BRK.A) - NASDAQ - Touch all time highBRK touched all time high price, I think we need small correction in here guys.
After correction we have bounce back and the target in the chart.
Good luck for everyone!
Next bubble coming?"History doesn't repeat itself but it often rhymes." (Mark Twain)
Wave count shows that we could see an end of the bull run. In previous bubbles we saw a double top with a declining RSI.
Berkshire Hathaway Falling Wedge and Long Set-upThere is a successfully broken falling wedge on BRK.B and right now it is consolidating in a little triangle. Trade is not active yet. I will wait a daily close on the triangle.
Berkshire HathawayAs you can see from the monthly cart, Berkshires growth is steady and consistent, this is probably because they are owned by in my opinion 1 of the worlds best ever investors... Warren Buffett.... if you don't know who he is then you clearly should not be investing.
We are long on this position with no real TP as this is a long term investment, but obviously we have a SL as trading anything without a SL is just stupid.
Why I'm Not Worrying About Warren Buffett's Record Stash of CashThe logic is deceptively simple: Buffett piles up cash when the market is too expensive and about to crash. That's a poor look at the data.
"Why I Am Not Worrying About Warren Buffett's Record Stash of Cash"
drduru.com
Why I'm Not Worrying About Warren Buffett's Record Stash of CashThe logic is deceptively simple: Buffett piles up cash when the market is too expensive and about to crash. That's a poor look at the data.
"Why I Am Not Worrying About Warren Buffett's Record Stash of Cash"
drduru.com $SPY $BRK.A $BRK.B
Up..Up..and AWAY! LONGBERK.B looks GREAT!
Indicators are strong and trending up.
Looking for it to break $217
BOUGHT 5000 SHARES - PURCHASE PRICE $197.55
$BRK.BReach my target to the downside, took a while.
Looking to start a new position next week, lets see if it holds.
BERKSHIRE HATHAWAY INC. A bullish divergence (Price/CCI) on BERKSHIRE HATHAWAY with the breakout of the resistance trendline on Friday. The target area at $ 212.00/213.50 and the stop loss at $ 183.75/184.00.
Berkshire Hathaway A [Long term analysis]Good 'ol Berkshire Hathaway Class A shares.
Looks like BRK.A is at a potential reversal zone, and this could be a good chance to either a) Short until desired targets or b) Wait for support and signs of reversal at the 23.6%, 38.2% or 50%. If we do indeed reverse at this zone, this will be our wave 4 correction yielding an extended wave 5 afterward.
According to Elliot Wave theory if a third wave fails to make it past 1.618x of the initial wave 1, you can expect an extended wave 5 which will have targets of 1.0x, 1.618x or 2.618x of wave 1 to 3 projected from the wave 4 bottom. This count is invalidated if we close above $330,000 on the M1 interval.
The R:R on this position would be about 1:3.5
A brief recap of BRK.A drops:
3/1973 - 1/1975 - 59.1% drop (S&P lost 44%) - US economy in recession resulting from oil crisis and fallout from Breton Woods Agreement.
10/1987 - 10/1987 - 37.1% drop (S&P lost 34%) - Black Monday Stock crash.
6/1998 - 3/2000 - 48.9% drop (S&P gained 27%) - Just before dot-com bubble burst.
9/2008 - 3/2009 - 50.7% drop - The darkest days of the great financial crisis.
S/L: $330,000
Entry : $296,000
Target 1: 23.6% / $258,570
Target 2: 38.2% / $223,051
Target 3: 50% / $194,334
"If you can keep your head when all about you are losing theirs...
If you can wait and not be tired by waiting...
If you can think - and not make thoughts your aim...
If you can trust yourself when all men doubt you...
Yours is the Earth and everything that is in it."
Inverse Berkshire Hathaway: Short Buffet?Just something that came up in the KHL chatroom. Looks like an explosive downtrend, if you flip it over, looks even clearer...as a massive uptrend signal.
Let's see how it goes. I'm flat, won't trade it, but definitely interesting to observe.
Cheers,
Ivan Labrie.
