Berkshire Hathaway Does it Again: Heads Up for the 2nd Straight Day

The Hourly View for Berkshire Hathaway

  • At the time of this writing, BRK.B’s price is down $-0.66 (-0.23%) from the hour prior.
  • This is a reversal of the price action on the previous hour, in which price moved up.
  • From a hourly perspective, the market looks fairly choppy; clear trends aren’t showing up on the 20, 50 and 100 hour timeframes.
  • The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

Berkshire Hathaway’s hourly price chart is shown below.

BRK.B

The Daily View for Berkshire Hathaway

  • At the moment, BRK.B’s price is up $4.02 (1.4%) from the day prior.
  • Berkshire Hathaway has seen its price go up 4 out of the past 5 days, thus creating some compelling opportunities for bulls.
  • Regarding the trend, note that the strongest trend exists on the 50 day timeframe.
  • The moving averages on the daily timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.
  • Divergence between BRK.B’s price and its RSI may be manifesting. As such, be on the lookout for trend reversal in BRK.B’s price.

Below is a daily price chart of Berkshire Hathaway.

BRK.B

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