I decided to do this one with a line chart to show things a little clearer .
This could go two ways , I personally see good reason for BRK.B to continue its run up, hard to say where since its forming a new trend at this time, but, I would love to see somewhere around $225. Stock certainly has a good reason to do so with the recent earnings report .
However, looking at the accumulation/distribution indicator (not included in this chart but I encourage you to check that out), I saw that there was some distribution around close today which did not perfectly coincide with closing price (bearish), but it was not too extreme ....
I think that if the price drops below support (previously resistance), then there is a good technical possibility the price will be stuck back in the prior trend but sort of a coin toss right now .
To be clear , if it breaks the current support , that's bearish and not an entry signal. If I continues its run up without breaking support, that's a technical green light .
The red line is my stop and green is my hopeful target .
Cheers
This could go two ways , I personally see good reason for BRK.B to continue its run up, hard to say where since its forming a new trend at this time, but, I would love to see somewhere around $225. Stock certainly has a good reason to do so with the recent earnings report .
However, looking at the accumulation/distribution indicator (not included in this chart but I encourage you to check that out), I saw that there was some distribution around close today which did not perfectly coincide with closing price (bearish), but it was not too extreme ....
I think that if the price drops below support (previously resistance), then there is a good technical possibility the price will be stuck back in the prior trend but sort of a coin toss right now .
To be clear , if it breaks the current support , that's bearish and not an entry signal. If I continues its run up without breaking support, that's a technical green light .
The red line is my stop and green is my hopeful target .
Cheers
艾力克~
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
艾力克~
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.