Trading (BRK.A) With Integrated Risk Controls

May 06, 2024, 07:20 am ET, BY Robert S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for BRK.A

• Buy BRK.A slightly over 583857.5 target 611734.72 stop loss @ 582171.32 Details

The technical summary data tells us to buy BRK.A near 583857.5 with an upside target of 611734.72. This data also tells us to set a stop loss @ 582171.32 to protect against excessive loss in case the stock begins to move against the trade. 583857.5 is the first level of support below 603000 , and by rule, any test of support is a buy signal. In this case, support 583857.5 would be being tested, so a buy signal would exist.

• Short BRK.A slightly under 611734.72, target 583857.5, stop loss @ 613501.41 Details

The technical summary data is suggesting a short of BRK.A as it gets near 611734.72 with a downside target of 583857.5. We should have a stop loss in place at 613501.41though. 611734.72 is the first level of resistance above 603000, and by rule, any test of resistance is a short signal. In this case, if resistance 611734.72 is being tested, so a short signal would exist.

Swing Trading Plans for BRK.A

• Buy BRK.A slightly over 609873.43, target 611734.72, Stop Loss @ 608112.12 Details

If 609873.43 begins to break higher, the technical summary data tells us to buy BRK.A just slightly over 609873.43, with an upside target of 611734.72. The data also tells us to set a stop loss @ 608112.12 in case the stock turns against the trade. 609873.43 is the first level of resistance above 603000, and by rule, any break above resistance is a buy signal. In this case, 609873.43, 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.A slightly near 609873.43, target 599950.51, Stop Loss @ 611634.74. Details

The technical summary data is suggesting a short of BRK.A if it tests 609873.43 with a downside target of 599950.51. We should have a stop loss in place at 611634.74 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, 609873.43, 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.A

• Buy BRK.A slightly over 608386.66, target 609873.43, Stop Loss @ 606967.29 Details

If 608386.66 begins to break higher, the technical summary data tells us to buy BRK.A just slightly over 608386.66, with an upside target of 609873.43. The data also tells us to set a stop loss @ 606967.29 in case the stock turns against the trade. 608386.66 is the first level of resistance above 603000, and by rule, any break above resistance is a buy signal. In this case, 608386.66, 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.A slightly near 608386.66, target 602572.4, Stop Loss @ 609806.03. Details

The technical summary data is suggesting a short of BRK.A if it tests 608386.66 with a downside target of 602572.4. We should have a stop loss in place at 609806.03 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, 608386.66, 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.A) available here: BRK.A.

BRK.A Ratings for May 06:

Term →	Near	Mid	Long
Rating	Neutral	Neutral	Strong
P1	0	0	583857.5
P2	602572.4	599950.51	611734.72
P3	608386.66	609873.43	639917.89

AI Generated Signals for BRK.A

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