Momentum Reversal? Berkshire Hathaway’s Heads Down for the First Time in 7 Days

The Hourly View for Berkshire Hathaway

  • At the moment, BRK.B’s price is down $-0.25 (-0.08%) from the hour prior.
  • It’s been a feast for bears operating on an hourly timeframe, as Berkshire Hathaway has now gone down 4 of the past 5 hours.
  • If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 20 hour timeframe.
  • Price action traders may also wish to note that we see a doji candlestick pattern on Berkshire Hathaway. Given that we see downtrend on the 20 and 10 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
  • Most noteworthy in the world of moving averages on the hourly chart is that the 200 hour moving average has been crossed, so that price is now turning below it. 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

  • Currently, BRK.B’s price is down $-3.58 (-1.22%) 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.
  • Regarding the trend, note that the strongest trend exists on the 100 day timeframe.
  • Of note is that the 20 day changed directions on BRK.B; it is now pointing down. 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