BRK 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.
So 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.
Looks like we are consolidating right now and we could see a retrace down back to $178 from $183. This is a stock Im in via the Stash app so I plan on potentially selling at this level and re-entering around the 50% re-tracement
BERKSHIRE HATHAWAY INC. Share correction. According to our strategy, BRK.A shares are in place before correction. The size of the correction can be around -15%. If our assumption is correct, the exchange rate will drop close to 229722. From there, it will rise again.
The price formation, ratios are text book impulsive in BRK-B and I believe there are many chances wave 4 is complete and we have started a wave 5 move that will eventually bring price towards 200$. 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...
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: Berkshire Hathaway B 29-June-2017 [Weekly]](https://s3.tradingview.com/w/WoZi4B2S_mid.png "Berkshire Hathaway B 29-June-2017 [Weekly]")
