Berkshire Hathaway Does it Again: Heads Up for the 3rd Straight Day

The Hourly View for Berkshire Hathaway

  • At the moment, BRK.B’s price is up $0.23 (0.08%) from the hour prior.
  • It’s been a feast for bulls operating on an hourly timeframe, as Berkshire Hathaway has now gone up 4 of the past 5 hours.
  • Regarding the trend, note that the strongest trend exists on the 50 hour timeframe.
  • Price action traders may also wish to note that we see a doji candlestick pattern on Berkshire Hathaway. Given that we see an uptrend on the 20 and 10 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
  • 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 $0.99 (0.34%) from the day prior.
  • It’s been a feast for bulls operating on the daily timeframe, as Berkshire Hathaway has now gone up 4 of the past 5 days.
  • As for the trend on the daily timeframe, we see the clearest trend on the 20 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

Featured Berkshire Hathaway Idea From TradingView

Below is a trading comment entitled Berkshire Hathaway Analysis 25.10.2021 you may find interesting:

Hello Traders,welcome to this free and educational analysis.I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button.Thank you for watching and I will see you tomorrow!

philipschnapp