BRK trade ideas
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.
Berkshire Hathaway As An IndicatorHello friends. It's probably hard to find out what the smart money is doing. I think some iconic companies have more overall predictive power than others. About 3 weeks later after the news was published we can see if there is any impact.
"Because of accounting rule changes, however, the conglomerate recorded a first quarter loss of $1.1 billion, compared to net income of $4 billion in last year's first quarter"
www.cnbc.com
Price is in the period of adjustment down to the Q2 - 2019Technical Analysis:
In long term view, prices are in the cumulative sizewave area with lower peak.
In the medium term, the buying power is weakening, not breaking the previous resistance.
In the above analysis buy zone:
The strong psychological dispute occurred in the 50 fibo area, there is a possibility of price adjustment down here appears the strong buy and recover to the old peak.
If in the long term the third quarter of 2019, strong buying power still does not make the price increase from the old peak, prices will fall sharply in the double pattern.
In my opinion, technically and based on our analytical method, the price of this top stock reflects the general market situation, so if it falls sharply, it is a sign of the upcoming economic downturn. .
Long-term logarithmic viewBRK.B since inception on log view with 200 day exp moving average. We see that we are in a late cycle boom now, and quite far from the 200d EMA. May go up in short-term as others have suggested, but I would SHORT in the long term and wait for prices to cross EMA before going LONG.
Short BRK.B for shooting star at kumo resistance levelShort BRK.B for shooting star at kumo resistance level
BRK.B bullish bias next few days5 and 50 is your friend.
Strong push thru the 50 SMA so going bullish for next few days.
Please create your own TP and SL if you do not agree with mine.
The importance factor is the direction this pair is heading.
Use this as entertainment only.
Wall Street's Superstar Dealt Shocking Blow from the ScimitarBuffet's facing a grim New Dawn this fine 21st century...
BRK.B What is going to happen next?Looking at $196 at Support and $212 at Resistance
Holding Period: 1 months
Potential Gain: $6
Reason:
It is Berkshire Hathaway Inc. (BRK-B)!!!!!
Not Confident that it will go uptrend?
Wait till golden cross at $196
EMA 20,50: short term downtrend
EMA 200: long term uptrend
Volume of trade: Normal
Market Sentimental: Consolidation (Consfused)
Reason: Trade War, causing short term emotional panic
Let me know if you have any comments.
BRK.B - the last rally before huge pullbackBRK.B needs the last five wave rally to complete the grand wave 3 which started in February 2016.
Once it tops we should see a very deep pullback in the wave 4 down to 179 - 171 area
RUNS - Consecutive Higher or Lower BarsRUNS.
I define these as consecutive days where the high is higher than the previous high and low is greater or equal to the day before. The reverse for down drafts. The meat of most moves will, more often than not, comprise of these runs.
I would love if someone could build a study that not only tests this idea, but also uses this as a direction bias on a higher period but trade on a shorter period. Ex. If previous Day bar was part of an UP RUN, take only long signals on the same indicator for a 5 minute period.
The stops would naturally be the previous day(period) high plus one tick for shorts and the previous day(period) low minus one tick for longs.
I have tested this on other systems for only one period but never layered multiple periods. This has been a good "indicator" for me for many of my 30 years+ in the markets. Many stocks tend to follow this sort of momentum very well. Whipsaws occur often enough but are usually quite small. I have not a significant grasp of Pine yet to pull this off. My attempts were not good.
My Idea of Berkshire HathawayBRK.B is a very long term stock, as seen on the trend of my analyzed chart. The key requirement of long term stocks is sturdiness. This stock has proved this by having a high market capital, and upward trends.
Short term play on BRK.BLong on Berkshire Hathaway B as it finds support. movement through the moving average should see a move and test of the recent resistance point
Berkshire Hathaway to fall?BRK.A appears to have completed the 5 wave elliott wave structure and is showing signs of downward movement.
It seems to be creating a 5 wave structure downwards, which would be the A wave of the corrective cycle.
Wave 3 is currently in progress and I would anticipate some consolidation around the trend line to confirm the 3rd wave continuation to the negative fib levels.
Alongside this, the moving average also seems to repel prices downwards.
From there, there is still a further 2 waves before the A wave is completed.
The fourth wave cannot enter price area of where wave one terminated. This is shown by the horizontal line.
A will most likely finish around the area of 240,000.
Again I am trying to apply my analysis to as much as possible. Any feedback is appreciated.
Thanks.
