How the price action of Berkshire Hathaway Cl B (BRK.B) is used to … – Stock Traders Daily

January 17, 2023, 07:00 amET, BY Thomas Y.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for BRK.B
  • Buy BRK.B slightly over 292.10 target 320.77 stop loss @ 291.26 Details
  • The technical summary data tells us to buy BRK.B near 292.10 with an upside target of 320.77. This data also tells us to set a stop loss @ 291.26 to protect against excessive loss in case the stock begins to move against the trade. 292.10 is the first level of support below 317.21 , and by rule, any test of support is a buy signal. In this case, support 292.10 is being tested, a buy signal would exist.

  • Short BRK.B slightly under 320.77, target 292.10, stop loss @ 321.7 Details
  • The technical summary data is suggesting a short of BRK.B as it gets near 320.77 with a downside target of 292.10. We should have a stop loss in place at 321.7though. 320.77 is the first level of resistance above 317.21, and by rule, any test of resistance is a short signal. In this case, if resistance 320.77 is being tested, a short signal would exist.

Swing Trading Plans for BRK.B
  • Buy BRK.B slightly over 320.77, target 322.35, Stop Loss @ 319.84 Details
  • If 320.77 begins to break higher, the technical summary data tells us to buy BRK.B just slightly over 320.77, with an upside target of 322.35. The data also tells us to set a stop loss @ 319.84 in case the stock turns against the trade. 320.77 is the first level of resistance above 317.21, and by rule, any break above resistance is a buy signal. In this case, 320.77, 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 320.77, target 317.14, Stop Loss @ 321.7. Details
  • The technical summary data is suggesting a short of BRK.B if it tests 320.77 with a downside target of 317.14. We should have a stop loss in place at 321.7 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, 320.77, 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 320.77, target 321.34, Stop Loss @ 320.02 Details
  • If 320.77 begins to break higher, the technical summary data tells us to buy BRK.B just slightly over 320.77, with an upside target of 321.34. The data also tells us to set a stop loss @ 320.02 in case the stock turns against the trade. 320.77 is the first level of resistance above 317.21, and by rule, any break above resistance is a buy signal. In this case, 320.77, 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 320.77, target 317.14, Stop Loss @ 321.52. Details
  • The technical summary data is suggesting a short of BRK.B if it tests 320.77 with a downside target of 317.14. We should have a stop loss in place at 321.52 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, 320.77, 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.

The technical summary data tells us to buy BRK.B near 292.10 with an upside target of 320.77. This data also tells us to set a stop loss @ 291.26 to protect against excessive loss in case the stock begins to move against the trade. 292.10 is the first level of support below 317.21 , and by rule, any test of support is a buy signal. In this case, support 292.10 is being tested, a buy signal would exist.
The technical summary data is suggesting a short of BRK.B as it gets near 320.77 with a downside target of 292.10. We should have a stop loss in place at 321.7though. 320.77 is the first level of resistance above 317.21, and by rule, any test of resistance is a short signal. In this case, if resistance 320.77 is being tested, a short signal would exist.
If 320.77 begins to break higher, the technical summary data tells us to buy BRK.B just slightly over 320.77, with an upside target of 322.35. The data also tells us to set a stop loss @ 319.84 in case the stock turns against the trade. 320.77 is the first level of resistance above 317.21, and by rule, any break above resistance is a buy signal. In this case, 320.77, 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.
The technical summary data is suggesting a short of BRK.B if it tests 320.77 with a downside target of 317.14. We should have a stop loss in place at 321.7 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, 320.77, 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.
If 320.77 begins to break higher, the technical summary data tells us to buy BRK.B just slightly over 320.77, with an upside target of 321.34. The data also tells us to set a stop loss @ 320.02 in case the stock turns against the trade. 320.77 is the first level of resistance above 317.21, and by rule, any break above resistance is a buy signal. In this case, 320.77, 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.
The technical summary data is suggesting a short of BRK.B if it tests 320.77 with a downside target of 317.14. We should have a stop loss in place at 321.52 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, 320.77, 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.
BRK.B Ratings for January 17:
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Blue = Current Price
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Green = Support

Our job as #investors is to pay attention to the #stocks we own.  Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The  Berkshire Hathaway Cl B (NASDAQ: BRK.B) data table below can help you with price action, and we have more details too. Trading plans for BRK.B are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.

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