Learn to Evaluate (BRK.B) using the Charts
December 29, 2024, 09:32 am ET, BY Thomas Y.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for BRK.B
- Buy BRK.B near 453.22 target 473.09 stop loss @ 451.91 Details
The technical summary data tells us to buy BRK.B near 453.22 with an upside target of 473.09. This data also tells us to set a stop loss @ 451.91 to protect against excessive loss in case the stock begins to move against the trade. 453.22 is the first level of support below 456.51 , and by rule, any test of support is a buy signal. In this case, support 453.22 would be being tested, so a buy signal would exist.
- Short BRK.B slightly under 473.09, target 453.22, stop loss @ 474.46 Details
The technical summary data is suggesting a short of BRK.B as it gets near 473.09 with a downside target of 453.22. We should have a stop loss in place at 474.46though. 473.09 is the first level of resistance above 456.51, and by rule, any test of resistance is a short signal. In this case, if resistance 473.09 is being tested, so a short signal would exist.
Swing Trading Plans for BRK.B
- Buy BRK.B slightly over 457.47, target 473.09, Stop Loss @ 456.15 Details
If 457.47 begins to break higher, the technical summary data tells us to buy BRK.B just slightly over 457.47, with an upside target of 473.09. The data also tells us to set a stop loss @ 456.15 in case the stock turns against the trade. 457.47 is the first level of resistance above 456.51, and by rule, any break above resistance is a buy signal. In this case, 457.47, 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 457.47, target 453.22, Stop Loss @ 458.79. Details
The technical summary data is suggesting a short of BRK.B if it tests 457.47 with a downside target of 453.22. We should have a stop loss in place at 458.79 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, 457.47, 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 457.47, target 460.91, Stop Loss @ 456.4 Details
If 457.47 begins to break higher, the technical summary data tells us to buy BRK.B just slightly over 457.47, with an upside target of 460.91. The data also tells us to set a stop loss @ 456.4 in case the stock turns against the trade. 457.47 is the first level of resistance above 456.51, and by rule, any break above resistance is a buy signal. In this case, 457.47, 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 457.47, target 456.03, Stop Loss @ 458.54. Details
The technical summary data is suggesting a short of BRK.B if it tests 457.47 with a downside target of 456.03. We should have a stop loss in place at 458.54 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, 457.47, 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 December 29:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Neutral |
Strong |
| P1 |
0 |
0 |
453.22 |
| P2 |
456.03 |
450.09 |
473.09 |
| P3 |
460.91 |
457.47 |
493.56 |
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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