Tim Cook discussed that China is 100% of the decline, but that is a big issue! Samsung went from the leader in China to disappearing. So this is a big issue. Also, why is Buffett investing again in tech? www.youtube.com
There is a successfully broken falling wedge on BRK.B and right now it is consolidating in a little triangle. Trade is not active yet. I will wait a daily close on the triangle.
As you can see from the monthly cart, Berkshires growth is steady and consistent, this is probably because they are owned by in my opinion 1 of the worlds best ever investors... Warren Buffett.... if you don't know who he is then you clearly should not be investing. We are long on this position with no real TP as this is a long term investment, but obviously we...
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...
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...
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
Berkshire Hathaway (BRK.B) 29-June-2017 Resistance at 176-180 Support zone at 162-165 Trend = Upward Higher Highs and Higher Lows
Even 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.
/// ->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) /:)/
On 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 :)
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.......
Just a punt, simplest analysis
Entry point at 78,6% Fibo of XC SL little above X (in fact a strong breakout at the resistance line could be a signal for closing this position) TP at 61,8% Fibo of CD leg or even lower, because this is a trend following Cypher Pattern