BRKBCL trade ideas
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.
$BRK.B maybe oversold, Support from 100 day WMA & previous highBerkShire Hathaway maybe oversold, Support from 100 day WMA & previous high
BRK.BAt all time high with some strong momentum lately. Demand zone at level highlighted in yellow. Imo a pullback to that level would be a great place to get long.
Entry: $164.59
Stop Loss:$163.25
Target1: $168.50
BRK.B - reflects the true economyI am not a fan of EW counts, however it seems that price is going to make the 5th up wave ^_^
Base on channel projection, somewhere around March 2017 - April 2018, topping could happen
Disclaimer: This is solely for educational purpose only, not an advice to solicit you to trade
Prepare to Leave Berkshire HathawayEven Buffett himself is not going to tell you that his company is immuned to the trials and tribulations of the market cycle. Because it is not.
Berkshire Hathaway, Super Up+/// ->Yes the great body benefited (immediately) with the election of the new president of the USA (mister TRUMP) is the sector dedicated to insurers // an example of this we can clearly see the graphs of Berkshire Hathaway (/ > Our friend;) Warren Buffett) /:)/
Berkshire Hathaway - Breakout to where?Post Trump's election BRK has broken out to the upside but my Elliott wave count suggests that it may not have much further to go with some upside resistance provided by a combination of the 1.618 Fib extension, the parallel channel and a Andrews Pitchfork median line. It all suggests to me that the post election market euphoria may be short lived.
#BRK.B - take to set long positionOn this moment we are in support zone. This should be nice opportunity to go long in that stock. Resistance is somewhere around 150.50$. Stop Loss should be set below 142.50$. This will be nice swing :)
Berkshire B LONGBerkshire Hathaway B class share pulling back to nice uptrend support going back to 2011
Is Berkshire on the hop?Price > 221.300 --> Shortterm Buy-Signal --> TP 230.000
Price > 230.000 --> Longterm Buy-Signal
BRK.B Head and Shoulders1. BRK.B has made a very clear head and shoulders
2. The fractal pattern of Sep 15 to Jan 16 fits quite well, and even offers two touches to 61.8% support
3. The company is largely in defensives, hence great upside is unlikely. The Summer S&P dip will be reflected here.
4. Warren and Charlie, God bless them, are not getting any younger.
Now is the time for long-term investors to take some of their BRK.B profits, and for traders to consider a summer short.
Possible head and shoulders on Berkshire Wait for it to break the neckline at 140 with strong volume then short
Long Berkshire to the next levelBerkshire is a diversified group that is a representation of the economy in general. It broke the orange channel. If it broke through the next yellow line it would go for the upper yellow line
BRK.B Berkshire as market barometer.BRK.B has followed the market higher since Feb 11th, I am setting alerts early. We will see if the market correction since the beginning of 2016 was only a dip to be bought, or an early warning sign of a bearish trend unfolding in the months to come. Similar health checks can be done with SPY:IWM, COPX, FDX, TLT, HYG, FXY, UVXY.......
