Berkshire Hathaway is Up for the 4th Day in a Row

The Daily View for Berkshire Hathaway

  • At the time of this writing, BRK.B’s price is down $-0.63 (-0.25%) from the day prior.
  • The daily chart shows that Berkshire Hathaway has seen 2 straight up days.
  • If you’re a trader with a preference for rangebound markets, you may wish to note that there isn’t a clear trend on the 20, 50 and 100 day timeframes.
  • Price action traders may also wish to note that we see a pin bar candlestick pattern on Berkshire Hathaway. Given that we see an uptrend on the 20 and 10 daily candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
  • The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

Berkshire Hathaway’s hourly price chart is shown below.

BRK.B

The Daily View for Berkshire Hathaway

  • At the time of this writing, BRK.B’s price is up $1.48 (0.58%) 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.
  • If you’re a trend trader, consider that the strongest clear trend on the daily chart 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.

Below is a daily price chart of Berkshire Hathaway.

BRK.B

Featured Berkshire Hathaway Idea From TradingView

Below is a trading comment entitled BRK.B you may find interesting:

Whats the opposite of going to the moon? Berkshire Will likely drop after earnings. Got my eye on BRK.B 06/18/21 220 P ***This does not constitute financial advice.***

Moneymakero