Learn to Evaluate (BRK.B) using the Charts
May 06, 2024, 07:22 am ET, BY Jesse F.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for BRK.B
- Buy BRK.B slightly over 386.29 target 405.03 stop loss @ 385.17 Details
The technical summary data tells us to buy BRK.B near 386.29 with an upside target of 405.03. This data also tells us to set a stop loss @ 385.17 to protect against excessive loss in case the stock begins to move against the trade. 386.29 is the first level of support below 404 , and by rule, any test of support is a buy signal. In this case, support 386.29 would be being tested, so a buy signal would exist.
- Short BRK.B slightly under 405.03, target 386.29, stop loss @ 406.2 Details
The technical summary data is suggesting a short of BRK.B as it gets near 405.03 with a downside target of 386.29. We should have a stop loss in place at 406.2though. 405.03 is the first level of resistance above 404, and by rule, any test of resistance is a short signal. In this case, if resistance 405.03 is being tested, so a short signal would exist.
Swing Trading Plans for BRK.B
- Buy BRK.B slightly over 405.03, target 424.3, Stop Loss @ 403.86 Details
If 405.03 begins to break higher, the technical summary data tells us to buy BRK.B just slightly over 405.03, with an upside target of 424.3. The data also tells us to set a stop loss @ 403.86 in case the stock turns against the trade. 405.03 is the first level of resistance above 404, and by rule, any break above resistance is a buy signal. In this case, 405.03, 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 405.03, target 403.24, Stop Loss @ 406.2. Details
The technical summary data is suggesting a short of BRK.B if it tests 405.03 with a downside target of 403.24. We should have a stop loss in place at 406.2 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, 405.03, 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 405.03, target 424.3, Stop Loss @ 404.09 Details
If 405.03 begins to break higher, the technical summary data tells us to buy BRK.B just slightly over 405.03, with an upside target of 424.3. The data also tells us to set a stop loss @ 404.09 in case the stock turns against the trade. 405.03 is the first level of resistance above 404, and by rule, any break above resistance is a buy signal. In this case, 405.03, 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 405.03, target 403.24, Stop Loss @ 405.97. Details
The technical summary data is suggesting a short of BRK.B if it tests 405.03 with a downside target of 403.24. We should have a stop loss in place at 405.97 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, 405.03, 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 May 06:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Neutral |
Strong |
| P1 |
0 |
0 |
386.29 |
| P2 |
398.68 |
396.72 |
405.03 |
| P3 |
402.44 |
403.24 |
424.3 |
AI Generated Signals for BRK.B
Blue = Current Price
Red= Resistance
Green = Support
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When #institutionalinvestors make decisions to buy and sell #stocks they normally want to keep it quiet. However, if we pay close attention we can see what is going on, and make good decisions.. The Berkshire Hathaway Inc. (NASDAQ: BRK.B) report below can help you understand how to do this. The trading plans for BRK.B, are updated in real time for subscribers, but this report is static. If you want an update, or a different report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for BRK.B:
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