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
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
Comment:
ANALYSIS UPDATE: BERKSHIRE is bouncing in the range and approaches the completion of the major formation.
Further continuations as mentioned are setting up.
Further continuations as mentioned are setting up.
Comment:
ANALYSIS UPDATE: BERKSHIRE is continuing to hold above the 540,000.00 level which is an important accumulation-zone.
Comment:
ANALYSIS UPDATE: BERKSHIRE has a increased potential to bounce in the 540,000.00 level from where the completion of the bull-flag is likely.
Comment:
ANALYSIS UPDATE: BERKSHIRE is accelerating the bullish volumes within the main structure support zones.
BERKSHIRE has a substantial bullish backing that enables a major bullish wave acceleration to emerge within the upcoming times.
BERKSHIRE has a substantial bullish backing that enables a major bullish wave acceleration to emerge within the upcoming times.
►✅JOIN THE BEST+ TOP TELEGRAM TRADING CHANNEL: t.me/VincePrinceForexGoldStocks
►🚀Write To Join the Elite VIP Signal Channels: @Vince_Prince
►🔥JOIN BYBIT TOP EXCHANGE►🎁 UP TO $30,000 BONUS NOW: partner.bybit.com/b/VinceByBit
►🚀Write To Join the Elite VIP Signal Channels: @Vince_Prince
►🔥JOIN BYBIT TOP EXCHANGE►🎁 UP TO $30,000 BONUS NOW: partner.bybit.com/b/VinceByBit
Awaiting a Major Volatility Move to Determine Further Price Action.