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.
Looking at the H4 chart, my overall bias for BRK.A is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. Looking for a buy entry at 480527.01, where the previous high is. Stop loss will be at 445251.00, where the recent swing low is. Take profit will be at 541960.00, where the previous swing high is.
Any opinions, news,...
Massive zigzag at play, pivot confirmed and what looks like an impulse straight down - highly suggestive of the expected C Wave. Down we go.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Confirmation level, where...
ITS FOR LEARNING DIFFERENT KINDS OF PATTERNS AND THE PRICE ACTION INVOLVED.
Currently its in a RISING WEDGE format and consolidating below the wedge with good number of volumes.
W PATTERN is completed and now a upside or breakout from wedge pattern can be considered.
Queries in comment section.
Calling out Experts to correct me in my drawing.
If the Parabolic Curve I have drawn is correct then we can at least expect the price to touch 30-33 before any fresh up move. I may be wrong as well as this is a new area i have just learnt.
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...
/// ->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) /:)/
![BRK.A: Berkshire Hathaway A [Long term analysis]](https://s3.tradingview.com/8/89z069MI_mid.png "Berkshire Hathaway A [Long term analysis]")
