How To Trade (BRK.B)

January 01, 2024, 21:25 pm ET, BY Jolene W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for BRK.B

• Buy BRK.B slightly over 349.96 target 364.38 stop loss @ 348.95 Details

The technical summary data tells us to buy BRK.B near 349.96 with an upside target of 364.38. This data also tells us to set a stop loss @ 348.95 to protect against excessive loss in case the stock begins to move against the trade. 349.96 is the first level of support below 356.66 , and by rule, any test of support is a buy signal. In this case, support 349.96 would be being tested, so a buy signal would exist.

• Short BRK.B slightly under 364.38, target 349.96, stop loss @ 365.43 Details

The technical summary data is suggesting a short of BRK.B as it gets near 364.38 with a downside target of 349.96. We should have a stop loss in place at 365.43though. 364.38 is the first level of resistance above 356.66, and by rule, any test of resistance is a short signal. In this case, if resistance 364.38 is being tested, so a short signal would exist.

Swing Trading Plans for BRK.B

• Buy BRK.B slightly over 358.34, target 364.38, Stop Loss @ 357.31 Details

If 358.34 begins to break higher, the technical summary data tells us to buy BRK.B just slightly over 358.34, with an upside target of 364.38. The data also tells us to set a stop loss @ 357.31 in case the stock turns against the trade. 358.34 is the first level of resistance above 356.66, and by rule, any break above resistance is a buy signal. In this case, 358.34, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short BRK.B slightly near 358.34, target 354.02, Stop Loss @ 359.37. Details

The technical summary data is suggesting a short of BRK.B if it tests 358.34 with a downside target of 354.02. We should have a stop loss in place at 359.37 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 358.34, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for BRK.B

• Buy BRK.B slightly over 357.95, target 358.34, Stop Loss @ 357.11 Details

If 357.95 begins to break higher, the technical summary data tells us to buy BRK.B just slightly over 357.95, with an upside target of 358.34. The data also tells us to set a stop loss @ 357.11 in case the stock turns against the trade. 357.95 is the first level of resistance above 356.66, and by rule, any break above resistance is a buy signal. In this case, 357.95, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short BRK.B slightly near 357.95, target 356.19, Stop Loss @ 358.79. Details

The technical summary data is suggesting a short of BRK.B if it tests 357.95 with a downside target of 356.19. We should have a stop loss in place at 358.79 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 357.95, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Check the time stamp on this data. Updated AI-Generated Signals for Berkshire Hathaway Inc. (BRK.B) available here: BRK.B.

BRK.B Ratings for January 01:

Term →	Near	Mid	Long
Rating	Neutral	Neutral	Strong
P1	0	0	349.96
P2	356.19	354.02	364.38
P3	357.95	358.34	377.86

AI Generated Signals for BRK.B

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This report provides trading strategies for Berkshire Hathaway Inc. (NASDAQ: BRK.B) while incorporating risk controls.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for BRK.B change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if BRK.B is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for BRK.B too.  All of these are offered below the Summary Table.