Thread by @malteseinvest

Analysis: #NYSE $BRK.B

Case 253 #Berkshire_Hathaway Inc.

DISCLAIMER: The analysis is strictly for educational purposes and should not be construed as an invitation to trade.

#BRK.B 1/4

Chart 1
Weekly Chart: Following the strong break/close below the 2018 trading range, in March, price quickly traded through the vacuum finding buyers positioned at the formidable 2017 #pivot - just below the #Fib. 382 (168.10). Price has since then .....

BRK.B 2/4

..... rebounded but is unable to close above the 2018 #trendline and #SMA 200 at 190.10/47 respectively. A close below 178.00 will re-target the 2017 lows, possibly setting sights on the Fib. 0.50 at 148.48 with major #support further down.

BRK.B 3/4

Chart 2
Daily Chart: The #Strategy is printed on the image.

$BRK.B 4/4