Longing double bottomBullish divergence on the RSI 4 hour, potential double bottom with easy to strategize stoploss just below the recent lows.
looks like that breakaway gap may never get filled.
BRK trade ideas
Berkshire Hathaway: Step by Step 👣Although the last few days have been volatile, the price of Berkshire has now backed the low of the magenta wave (1) and is currently in an uptrend. The same colored wave (2) should reach $360 before a reversal takes place. The 37% probability alternative scenario is for the price to rise further, which would come into play on a break of the resistance at $373.34.
Berkshire Hathaway Trail competitors Berkshire Hathaway Inc . (NYSE:BRKa)'s Class B shares (NYSE:BRK.B) continued their upward trend for a third consecutive day on Friday, with a modest gain of 0.37%, closing at $346.34. This comes amidst a broadly positive market, where the S&P 500 Index and Dow Jones Industrial Average advanced to 4,308.50 and 33,407.58 respectively.
BRK.B to hold 200-day moving averageBRK.B may come down to the 200-day simple moving average (yellow line) but if we are still in an uptrend then it should bounce from there.
I think market sentiment is overly negative. Expectations for inflation is as high as in Q4 2022 when inflation was very high in the US. If the interest rates, go up further then this will finally harm employment levels and reduce profits which will lower US tax receipts. Based on that, the FED will need to hold interest rates or not raise them much more and this will be supportive in the short run for the market to go higher in the end of the year. I expect the market is going to find a top and then as unemployment rises, we are going to see short term interest rates come down and for the market to have a capitulation event in 2024. If that is likely, then those that want to support the incumbent president will want that crash to happen early enough that there can be an end of year rally for 2024 ahead of the presidential election. There needs to be headlines saying the recession is over.
Three Black Crows, and big time bearish divergence on the MACDThree Black Crows candlestick pattern, and big time bearish divergence on the MACD, this has been a superior run.
I think that a retest of the 200 day SMA is in order here, which is also around the .386 fib.
It could go lower of course, but its really hard to bet against warren, hes just too good.
BRK.B is breaking downThe support of the uptrend channel has been penetrated last week on Sep 25th and already reached its first support line on level 347.48 on oct 2nd and made a 3 white soldiers pattern.
Will it keep going down to the next support on level 342.33? if we see the pattern and MACD, there is no sign of reversal yet, which means this stock is still going down.
Using the FIBONACCI retracement, the support on the 1.618 line is on level 336.42. If we look more detail, there is a gap between June 29th and 30th which has not been closed.
Patience is 100% needed if we want to get this stock at that level =D
Disclaimer:
The information and recommendations provided are for informational purposes only and should not be considered as financial or investment advice.
BRK, Massive Volatility-Developments, Important Price-Dynamics!Hello There!
Welcome to my new analysis about BRK on several timeframe perspectives. The BRK stock is one of the few stocks within the recently bearish inclined stock market that is actually showing all-time-high developments with the price-action bouncing into a new all-time-high. Within this case there are important underlying dynamics going on which could turn out to be a major factor in determining the stocks future and incoming price-actions. Especially as BRK did not pulled back massively yet this is actually increasing the possibility of no bull-trap to emerge here.
First of all, BRK is recently forming this ever so decisive Ascending-Triangle-Formation on the local timeframe perspective which is likely to be completed within the next times. Once the Ascending-Triangle-Formation has been completed it is going to activate initial target-zones. In this case 5 factors will be important to consider. The first factor on how the momentum shows up once the breakout emerged. The second factor on if BERKSHIRE actually pulls back from the target-zone or it has such a momentum that it continues above it. The third factor on if the major ascending-supports hold and BERKSHIRE emerges with a bounce from there on. The fourth factor on how Apple a major holding of BERKSHIRE develops and the fifth factor on if the U.S. CPI continues to decline.
Taking all these factors into the consideration here now, the next times will be highly important because BERKSHIRE is going to show up with the major decisive volatility developments. When considering this whole dynamic on the global perspective also BERKSHIRE is forming this gigantic ascending-triangle also besides the local timeframe and once BERKSHIRE holds this gigantic ascending-triangle lower boundary it is going to be the impediment of the whole continuations to accelerate, activate the target-zones and reach out to all of the target-zones in the upcoming times.
In this manner, thank you everybody for watching the analysis, support from your side is greatly appreciated.
VP
Berkshire (BRK.B) -> Trend ContinuationMy name is Philip, I am a German swing-trader with 4+ years of trading experience and I only trade stocks , crypto , options and indices 🖥️
I only focus on the higher timeframes because this allows me to massively capitalize on the major market swings and cycles without getting caught up in the short term noise.
This is how you build real long term wealth!
In today's anaylsis I want to take a look at the bigger picture on Berkshire Hathaway.
At the moment you can see that Berkshire stock is retesing its previous all time high which is roughly at the $350 area and we might see another short term bearish rejection.
However considering that the overall trend is still very bullish I am waiting for a simple break and retest of the current resistance level and then I am looking for a trend continuation.
- - - - - - - - - - - - - - - - - - - -
I know that this is a quite simple trading approach but over the past 4 years I've realized that simplicity and consistency are much more important than any trading strategy.
Keep the long term vision🫡
BERKSHIRE, NEW ALL-TIME-HIGH, on GIGANTIC EARNINGS-Bounce!Hello There!
Welcome to my new analysis about the Berkshire Hathaway Stock Fundamental- and Technical Analysis on the Daily Timeframe Perspective. As the Inflation is calming down due to effective reduction of the money supply the Stock Market is showing up with interesting gems right now adding to potential gains as the major Stock Market Indicies continued with initial Bullish Price-Action there are considerable Stocks in the market that could profit in the past times especially as Q2 of 2023 ended with companies showing signs of a solid recovery due to calming down in inflation and increased production. One of the stocks with major potential right now, is as I detected, Berkshire Hathaway. The company could print a massive income profit for Q2 2023, which is always a great sign for the stock price action to follow through. With this fundamental upwind the technical perspective is showing a similar bullish edge as the price-action bounced into an adequate new all-time-high.
As when considering my chart now, BRK has recently showed up with several important technical factors that transformed the whole chart interface into a completely new dynamic and therefore adding to the potential the BRK stock is converting into recently. BRK strongly held the trend direction above the 150-EMA marked in blue and above the 65-EMA marked in green since the beginnings of the current uptrend in October 2022 where it strongly bounced within the EMA´s as well as within the lower boundary of the ascending-channel. Since then the EMA-structure turned into a main bullish EMA-crossover with the BRK Stock Price-Action bouncing several times within the EMA´s together with the lower boundary of the ascending-channel. This main uptrend is still completely intact and as BRK recently bounced into the new all-time-high region this has been a confirmation for the uptrend to move into a completely new sphere in which the uptrend has primary abilities to accelerate and form an even bigger breakout.
Furthermore, it should be considered that with all the breakout-dynamics going on the stock price-action is still moving in a continued wave-cycle with the third primary expansion wave still going on and as the price-action bounced to an new all-time-high this dynamic is adding to the wave-cycle the stock is trading within. As marked in my chart the stock price-action is now likely to transmute the breakout with a key flag-formation from where the acceleration of the uptrend is likely to move on continuing with the wave-expansion and reaching out to the initial target-zone of the earnings-breakout which is awaiting within the 634300 to 642000 zone as marked in my chart in orange. Once this target-zone has been reached and the bullish momentum is holding on the price-action will have the ability to stay within the area and built up a much larger breakout which will intensify once the breakout above the upper boundary has shown up as marked in my chart. The fact that the wave-count has not finished yet is appropriately adding to this scenario.
Not only the technicals show a main bullish inclinement for Berkshire but also the fundamentals are speaking for itself. As the company finished Q2 with a huge earning profit of almost $36bn in profit this is providing the underlying fundamental base for the price-action to show up bullishly as well. Especially, considering the fundamentals and technicals in combination the fact that the price-action volume also bounced to a new all-time-high right after the earnings report showed up is showing how greatly the technicals reacted to the earnings report and how fundamentals and technicals move bullishly together for this stock. Of course not every stock in the financial markets could show up with such determinations and factors that point into a concrete direction, therefore Berkshire is one of the stocks with a main potential in the current market situation and should be considered to continue with increased potential along the way. As Berkshire granted half of their equity portfolio, in numbers almost $353bn, to Apple being the largest market-cap company this added to the massive gains seen. When Apple continues to have strong earnings for Q3 to Q4 2023 this will support the technical bullish breakout scenario for Berkshire.
Thank you everybody for watching. Support for my idea is appreciated and then let´s move on forward together.
“Luck is a dividend of choice. The better the choice, the luckier you get.”
VP
Berkshire Hathaway: Bearish Gartley Hinting at a 40-60% DeclineBerkshire Hathaway is currently trading at the HOP level of a Bearish Gartley and at this HOP level, upon close, will likely confirm a Bearish PPO Confirmation Arrow as the PPO Oscillator itself gets closer and closer to breaking below a well established trend line.
Along with that, we have some Bearish Divergence on the MACD and the price action we got at the HOP resulted in a green Shooting Star Candlestick Reversal Pattern that we are working on confirming via a Weekly Bearish Engulfing.
If all goes as expected, I would think that the shares of Berkshire Hathaway will first pull back 27% which would put at the 2022 lows but after that I think it will likely pullback around 40%-60% to fill an unresolved gap at $314,850.00
BRK.B Entry, Volume, Target, StopEntry: with price above 364.63
Volume: with volume greater than 5.4M
Target: 382.41 area (this is an area, no guarantee it reaches this price, but you should be selling on the way up)
Stop: Depending on your risk tolerance; Based on an entry of 364.64, 355.75 gets you 2/1 Reward to Risk Ratio.
This LONG swing trade idea is not trade advice and is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while evaluating this trade idea. Do not take this trade based on my idea, do not follow anyone blindly, do your own analysis and due diligence. I am not a professional trader.
BRK/BMonthly has gone green to red with a potential RSI divergence forming. Still a week to reverse this, but last week formed a bearish engulfing candle on the weekly chart, so I'm not anticipating that. Will be keeping an eye on this one.
BERKSHIRE HATHAWAY, Massive Bull-Pennant On Huge Earnings Boost!Hello,
Welcome to this analysis about the Berkshire Hathaway Stock on the 4-hour timeframe perspectives. As I detected the stock has shown up with great earnings numbers recently with the earnings showing substantial percentages upward, besides that I spotted a main pivotal formation forming here. As when looking at my chart now we can watch there that the stock is building this massive bull-pennant formation with the coherent wave-count within already completed and the stock recently showing up with great bullish volatility penetrating the upper boundary and staying above the 100- and 200-EMA to mark them as support. The whole pennant will be completed when the stock finally breaks out above the upper boundary as it is seen in my chart, this breakout will activate the upper target zone marked in my chart between the 525000 and 530000 level. For now, there is a high likelihood given that this whole formation completes in the near future and once this happened the further volatilities as well as targets will be activated.
In this manner, thank you for watching the analysis, all the best!
"Good fortune is when opportunity meets preparation."
Information provided is only educational and should not be used to take action in the markets.
❌ #1 Mistake For The ''Rocket Booster'' Strategy 📉😬Even though this is a beginner's strategy
and very simple if you don't follow
--
these trading rules you will crash and burn
--
that's why you need to watch this video
to learn the #1 mistake in this ''Rocket Booster'' strategy
--
Disclaimer:
I am not a financial advisor, and the information provided here is for informational purposes only.
Stock trading and investing involve risks, and past performance does not guarantee future results.
It's important to conduct your own research and consult with a qualified financial advisor before making any investment decisions.
Always be aware of the potential for loss, and consider your risk tolerance and investment goals before engaging in any trading activities.
The content provided here does not constitute financial advice, and I do not take responsibility for any financial decisions made based on this information.
--
Rocket boost this content to learn more
BERKSHIRE UPDATE, Approaching The Critical Range Now!Hi my friends,
Welcome to this update-analysis about BERKSHIRE and the recent events, how it is approaching the critical range, what we can expect the next times, and how to handle upcoming situations accordingly. The stock confirmed the before mentioned possible movement and bounced at its lower boundary to move upsides testing the remaining strong resistance-cluster which can lead to a possible bear-flag and its confirmation, if you did not watch this analysis already I highly recommend it to you for having a full-depth-overview about the established situation. As the stock is approaching these important levels there are some meaningful signals I detected determining the further outcomes of the stock and where the journey can head. As the main stock market has decently recovered from the corona-breakdowns this year there are still stock remaining which trading way below the established highs and looking rather weak and bearish then in a good shape to form new highs therefore it is significant to assess these stocks individually and only consider these on the long-side which providing right conditions.
Looking at my chart you can watch there that BERKSHIRE is now approaching the huge bearish confluence-cluster marked in red which is also matching with the rising resistance line marked in light-blue, therefore, building up coherent resistance in this structure, in this case there is a high possibility given that the stock also confirms it as resistance to move lower and testing remaining supports on validity. As you can watch marked in my chart the next important support is the middle-line of the channel in blue and the EMA structure consisting of the 800-EMA marked in black and the 100-EMA marked in green where the stock can bounce and confirm as support, this movement is crucial here because it needs to hold otherwise when the stock falls below this level the possibility for more downside increases seriously and should not be ignored as the stock can move on to confirm the huge possible bear-flag-formation marked in my chart but when this does not happen and the stock holds the level this can turn to the upside when bulls are strong enough which can invalidate the bearishness, reaction in range will decide the ongoing movement.
In this manner, thank you for watching the analysis, support for more market insight and all the best.
"The high destiny of the market is to differentiate rather than to speculate."
Information provided is only educational and should not be used to take action in the market.
Warren Buffett expects a short time correction!Let's put the possible double-top formation pattern aside and look under the hood.
The most recent Berkshire Hathaway 13F filing was on August 14, 2023. The top 10 holdings, as a percentage of the portfolio, were as follows:
Apple (AAPL): 49.6%
Bank of America (BAC): 8.0%
American Express (AXP): 6.5%
Coca-Cola (KO): 5.4%
Chevron (CVX): 4.2%
Kraft Heinz (KHC): 3.8%
Occidental Petroleum (OXY): 3.7%
D.R. Horton (DHI): 1.0%
Capital One Financial (COF): 0.9%
NVR (NVR): 0.3%
Lennar (LEN): 0.2%
There are a few notable changes from the previous quarter:
Berkshire increased its stake in D.R. Horton, Capital One Financial, NVR, and Lennar.
Berkshire decreased its stake in Occidental Petroleum.
As you can see Half of the portfolio is AAPL and more than 15% is financial services!
BRK.A performance shows that in the case of a bearish market, it can experience a 30-50% correction!
Munger's advice:
hold on to your investments, even when they are down, as long as you believe that the underlying business is still sound. He said, "if you sell a business because it's down 50%, you're selling it for the wrong reason."
Warren Buffett about holding cash:
"Cash is a terrible long-term asset. It will depreciate in value over time. But cash is a wonderful short-term asset. It gives you the flexibility to act when opportunities arise."
Buffett's quote highlights the importance of having cash on hand, even though it is a depreciating asset. Cash allows investors to act when opportunities arise, such as when the market is down or when a good investment becomes available.
Buffett also believes that it is essential to be patient when holding cash. He has said that "the best time to buy is when there's blood in the streets." This means that it is often best to buy investments when they are down in price, as this is when they are most undervalued.
Of course, there is a risk of holding too much cash. If the market continues to rise, investors who are holding cash may miss out on the opportunity to generate returns. However, Buffett believes that the risk of missing out on some returns is outweighed by the risk of not having enough cash to take advantage of opportunities when they arise.
Conclusion:
As you can see Buffett sits on the highest cash level, which means he expects short-term correction!
*Yellow line 5-year average cash on hand.
Risk assessment: Do you think the risk of missing out at this point outweighs the correction? or the opposite?
Action: After reading this article what would you do?
Buffett: Legacy's CrossroadsWarren Buffett, the legendary maestro of Wall Street, is making headlines once again. In an environment of soaring inflation and already high-interest rates, Berkshire Hathaway is outperforming and beating its benchmark, the S&P 500. But a crucial question looms: Are we witnessing the end of an era or a late renaissance for the Oracle of Omaha? And does this raise doubts about the wisdom of investing in Berkshire Hathaway as Buffett and Munger age?
At the heart of this debate, several elements warrant a deep dive:
1. The Intrinsic Value Advantage:
The current environment of inflation and high-interest rates favors companies with tangible assets and strong cash flows, a characteristic Berkshire Hathaway possesses in abundance. Real assets like infrastructure and well-established businesses become more attractive in times of inflation, clearly playing to Warren Buffett's strengths.
2. The Return to Prudence:
Rising interest rates prompt many investors to adopt a more cautious approach. Buffett, renowned for his legendary investment wisdom, thrives when volatility rises and uncertainty abounds. His long-term, value-focused investment style finds renewed relevance, offering a ray of hope to concerned investors.
3. Seeking Protection Against Inflation:
During periods of rampant inflation, investors seek assets that can preserve the value of their money. Berkshire Hathaway, with its diverse portfolio spanning various sectors, offers a potential refuge against currency devaluation. Well-managed, cash-generating businesses held by Berkshire can shield investments from the detrimental effects of inflation.
4. Reactivated Growth Opportunities:
In a high-interest-rate environment, solid companies with well-established business models regain favor. Berkshire Hathaway is ideally positioned to capitalize on these steadier growth opportunities. Emphasizing prudent, long-term management aligns with the needs of investors seeking stability.
But the Crucial Question: Is Investing in Berkshire Hathaway Still Relevant?
The pivotal question at hand is whether investing in Berkshire Hathaway remains relevant as Warren Buffett and his long-time partner, Charlie Munger, advance in age. Both iconic figures are nearing their 90th year, raising questions about succession and the enduring philosophy that characterizes Berkshire Hathaway's unique approach to investing.
Perhaps we are witnessing the final chapter of the Buffett era, where the maestro, while still capable of outperforming, gradually passes the torch to a new generation of portfolio managers. If Buffett's magic endures, his influence and legacy will persist, but it's inevitable to wonder if we're witnessing an inevitable transition.
Intriguing Outlooks for the Future:
So, what does the future hold for Berkshire Hathaway after Buffett and Munger? Speculation abounds. Some envision a smooth transition, with Berkshire's current teams carrying forward the spirit and management philosophy inherited from Buffett. Others contemplate a potential breakup of the conglomerate into smaller, specialized entities.
The possibilities are myriad, and every investor ponders which strategy will prevail. One of the most intriguing scenarios is a Berkshire Hathaway that further diversifies into emerging technologies and innovation while retaining its traditional investments in tangible sectors.
In conclusion, Warren Buffett seems to have regained his magic touch in an environment of inflation and high-interest rates. However, investing in Berkshire Hathaway is now at the center of a complex debate. The question of whether we are witnessing the end of a legendary era or the dawn of a late renaissance remains open. Time will tell, but one thing is certain: Warren Buffett's story is far from over, and the financial world continues to watch with fascination. Stay tuned for the evolving narrative, where investment decisions in Berkshire Hathaway may hold captivating surprises for the future.
BERKSHIRE, Weaker Than Rest Market, Provides Possible Bear-Flag!Hello Traders Investors And Community, welcome to this analysis about recent events, the current price-structure and what we can expect the next days and hours from BERKSHIRE one important stock under the 10 biggest in market cap in which I found important and significant signals which will determine the further outcome sustainable. As the overall market recovered from the corona-breakdowns this year a major part of the market is at its all-time-high level which is not the case with BERKSHIRE as we it is providing a weaker picture than the average market this can increase the next times when BERKSHIRE due to expanding possibility for a new corona-wave and the resulting restrictions which can affect the market meaningful therefore we are looking at the 4-hour locally timeframe.
As you can examine when looking at my chart is that BRK.B is trading in a huge parallel channel that is marked with the blue lines and since the main average market recovered from the corona-breakdown BRK.B just provided a consolidational phase which can end up in a bear-flag when confirmed properly. As the stock trades below the important 100-EMA which you can see marked in my chart in green, this is a significant local resistance level which will be highly likely confirmed as those when touched in this level as you can see the outcome pronounced in my chart after this scenario has played out we can expect the stock to test the lower boundary of the huge possible bear-flag in which it is trading currently.
After the stock has touched the lower boundary a third time we can anticipate that it sets up to form the final wave E of the possible bear flag wave count which will complete the count at the bearish confluence-cluster you can see marked in my chart in red, this level is building a logical resistance with the rising trendline in light-blue, the upper boundary of the channel and the 800-EMA in black. These factors make the zone between 208 and 212 a strong resistance zone and it is within the high likelihood spectrum that it will be confirmed as such one when touched in the area. After this has happened the stock can confirm the bear-flag to the downside when there do not come any bullish signs which will invalidate this scenario further.
Overall we have an unstable situation within this stock at the moment as the average other market is near its peaks BRK.B is consolidating far below these price-levels. As we have seen higher volatility to the downside in the market due to new upcoming corona-fears this can increase the next time and provide a more bearish environment also in the rest of the market, therefore, this scenario shouldn't be ignored and kept as the more possible one at the moment when there do not come any other bullish signals which will increase the likelihood for a more bullish environment again. Therefore we should be prepared for a possible continuation to the downside and take proper action when it happens to take profit out of possible opportunities arising out of it.
In this manner, thank you for watching, support for more market insight, good day, and all the best!
The ambition to transform opportunity into gold remains the most significant tool for a trader.
Information provided is only educational and should not be used to take action in the markets.
Berkshire Hathaway On The Brink Of Another BreakoutBerkshire Hathaway's stock recently displayed encouraging growth, with a notable bullish surge on August 7th. After reaching its zenith in March 2022, the stock suffered a 28% drop. By October 2022, the stock steadied at $260 and recently made a bullish stride, briefly outdoing its past record. However, this new high was marginal and fleeting, as the stock soon reverted below its former peak.
A build-up of momentum led to this breakout, with the stock's inflection point being the $321 resistance, which then became support.
This pivotal level has consistently posed challenges for the stock, given its proximity to its all-time high. It took 18 months for the stock to muster the courage to challenge this robust resistance.
The stock's recent surge might be attributed to its favorable Q2 earnings report, where it reported earnings of 4.62 against the predicted 3.87. Notably, the daily 20 simple moving average stands slightly under the stock's current $350 price, potentially acting as a vital support.
If the stock maintains this position, it may pave the way for future growth, potentially setting new record highs and establishing a lasting bullish trend.
If you enjoyed this post, make sure to like, and follow for more quality content!
If you have any questions or comments, comment below. We reply to every comment!
See below for more information on our trading techniques.
As always, keep it simple, keep it Sublime.
#BRK.B Straddle/Trade planStraddle up to 15-Sep.
Based on our team's research of the options market, we expect buy activity at the support level or sell activity at the resistance.
We primarily consider levels to be activity zones, but not to be a super-fine level for establishing a limit order. Use them in combination with our own strategy, not in alone.
Reading This Will Sound Crazy-Why Buffert Is RIghtThe problem with mainstream media is that
they like reporting on stories that are irrelevant
--
Its not entertaining to read about
irrelevant news especially if you are looking
--
to only buy stock in order to make profits
This stock is a good buy and it helps you
--
filter from the fake news and pop culture
online
--
If you read an article by
APARNA NARAYANAN
11:30 AM ET 08/07/2023
titled: ''Warren Buffett Stocks: What's Inside Berkshire Hathaway's Portfolio? ''
--
It will give you a clue on which stocks
Warren Buffett is keeping his eyes on.
--
Keep reading to learn more
BRK.B Entry, Volume, Target, StopWhen price clears: 331.84
With above average daily volume.
Target: 356.00 area
Stop: Depending on your risk tolerance; 323.81 gets you 3/1 Risk/Reward.
This trade idea is not trade advice. This swing trade idea is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while evaluating this trade idea. Do not take this trade based on my idea, do not follow anyone blindly, do your own analysis and due diligence. I am not a professional trader.
