BRKA trade ideas
BRK.B 18-Dec-2017 Ranging $195-200BRK.B is moving upward making new highs and ranging between $195-200 since the 1st of December 2017
Box 1: 195-200
Box 2: 189-195
Box 3: 194-189
Next action:
Limit BUY at 200.0 Limit SELL at 194
Berkshire Hathaway - looking for a topI did a chart a while back on this calling a top and it blasted higher so you'd think I'd learn but this chart suggests that 5 waves may be very near to completion and so a decent correction could be expected. I like the way that over and over again the same fib numbers come into play as they do here and the pitchfork has acted as a barrier on a number of occasion. I actually think there may be one more very small leg up but the fib numbers fitted nicely for this analysis.
Buying the dipBRK 5% off it's highs give a nice discount to a solid stock. PE slightly less than the S&P. Coming close to its 200 day MA which it has been able to bounce off of every time in its come close and even broken in the last 2 years.
Berkshire Hathaway buy opportunity2h time frame shows that BRK.B formed flag. After possible bull trap near 190 price can reach support near 188 and then may grow higher again
Is wave (5) close to completion?maybe another modest push towards $285362, where wave (5) travels 0.618 times the total distance from point 0 to the end of wave (3)
Berkshire part 2So looking at Elliot Wave looks like we are near the top of 5 or probably at the top of 5 and since are entering the 4th quarter of the year It may be that we start seeing corrections to this long ride up. Assuming our wave count is correct we could see a drop down to $120 per sure of possible over by the end of the correction.
Berkshire Hathaway B Looks like we are consolidating right now and we could see a retrace down back to $178 from $183. This is a stock Im in via the Stash app so I plan on potentially selling at this level and re-entering around the 50% re-tracement
BRK.A Berkshire TA I think BRK.A is due for a major correction along with the S&P index in general. Here is my Elliot Wave prediction for BRK.A
BRK.B upward trend continues 4-Sept-2017 (Daily)BRK.B upward trend continues (Daily)
Entry Date: 30-Aug-2017
ATR: 2
Entry : 180
Stop : 176
N1 : 182
N2 : 184
BERKSHIRE HATHAWAY INC. Share correction...BERKSHIRE HATHAWAY INC. Share correction. According to our strategy, BRK.A shares are in place before correction. The size of the correction can be around -15%. If our assumption is correct, the exchange rate will drop close to 229722. From there, it will rise again.
WHY SHOULD WE GO LONG FOR BERKSHIREThe weekly closing is at highest high of whole periods. Volume and strength indicators are confirming the possible highest highs in near future.
Berkshire Hathaway -B to 200$The price formation, ratios are text book impulsive in BRK-B and I believe there are many chances wave 4 is complete and we have started a wave 5 move that will eventually bring price towards 200$. First target is 196$. Wave 3 is 161.8% of wave 1, wave 4 retraced wave 3 by 38%, wave 5 is expected to move close or higher from the 61.8% wave 1 to 3 distance. The entire upward move from 2016 lows looks incomplete and a new high is needed to complete the sequence.
Berkshire Hathaway B 29-June-2017 [Weekly]Berkshire Hathaway (BRK.B) 29-June-2017
Resistance at 176-180
Support zone at 162-165
Trend = Upward
Higher Highs and Higher Lows
Berkshire reversal (class B)Trading using a mean reversion system requires several levels of confirmation to reduce risk and increase likelihood of making a profitable trade. Trading the initial signal is rarely successful. Trading the second signal guarantees entry before primary trend. Momentum indicates a bullish pattern is on its way. Let's see how this works out.
