Learn to Evaluate Berkshire Hathaway Cl B ($BRK.B) using the Charts
November 12, 2023, 00:45 am ET, BY Tom S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for BRK.B
- Buy BRK.B slightly over 341.76 target 356.09 stop loss @ 340.77 Details
The technical summary data tells us to buy BRK.B near 341.76 with an upside target of 356.09. This data also tells us to set a stop loss @ 340.77 to protect against excessive loss in case the stock begins to move against the trade. 341.76 is the first level of support below 350.56 , and by rule, any test of support is a buy signal. In this case, support 341.76 would be being tested, so a buy signal would exist.
- Short BRK.B slightly under 356.09, target 341.76, stop loss @ 357.12 Details
The technical summary data is suggesting a short of BRK.B as it gets near 356.09 with a downside target of 341.76. We should have a stop loss in place at 357.12though. 356.09 is the first level of resistance above 350.56, and by rule, any test of resistance is a short signal. In this case, if resistance 356.09 is being tested, so a short signal would exist.
Swing Trading Plans for BRK.B
- Buy BRK.B slightly over 356.09, target 369.79, Stop Loss @ 355.06 Details
If 356.09 begins to break higher, the technical summary data tells us to buy BRK.B just slightly over 356.09, with an upside target of 369.79. The data also tells us to set a stop loss @ 355.06 in case the stock turns against the trade. 356.09 is the first level of resistance above 350.56, and by rule, any break above resistance is a buy signal. In this case, 356.09, 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 356.09, target 348.20, Stop Loss @ 357.12. Details
The technical summary data is suggesting a short of BRK.B if it tests 356.09 with a downside target of 348.20. We should have a stop loss in place at 357.12 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, 356.09, 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 352.76, target 356.09, Stop Loss @ 351.94 Details
If 352.76 begins to break higher, the technical summary data tells us to buy BRK.B just slightly over 352.76, with an upside target of 356.09. The data also tells us to set a stop loss @ 351.94 in case the stock turns against the trade. 352.76 is the first level of resistance above 350.56, and by rule, any break above resistance is a buy signal. In this case, 352.76, 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 352.76, target 348.20, Stop Loss @ 353.58. Details
The technical summary data is suggesting a short of BRK.B if it tests 352.76 with a downside target of 348.20. We should have a stop loss in place at 353.58 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, 352.76, 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 Cl B (BRK.B) available here: BRK.B.
BRK.B Ratings for November 12:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Neutral |
Strong |
| P1 |
0 |
0 |
341.76 |
| P2 |
346.67 |
339.62 |
356.09 |
| P3 |
352.76 |
348.20 |
369.79 |
AI Generated Signals for BRK.B
Blue = Current Price
Red= Resistance
Green = Support
Real Time Updates for Repeat Institutional Readers:
Instructions:Click the Get Real Time Updates button below.
In the login prompt, select forgot username
Type the email you use for Factset
Use the user/pass you receive to login
You will have 24/7 access to real time updates.
From then on you can just click to get the real time update whenever you want.
GET REAL TIME UPDATES
Our Market Crash Leading Indicator isEvitar Corte.
Evitar Corte warned of market crash risk four times since 2000.
It identified the Internet Debacle before it happened.
It identified the Credit Crisis before it happened.
It identified the Corona Crash too.
See what Evitar Corte is Saying Now.
Get Notified When our Ratings Change:Take a Trial
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 Cl B (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:
pool ads
