08Feb

ASX: BRK.B Elliott Wave Analysis Provides a Detailed Technical Outlook on Berkshire Hathaway Stock Using Daily and 1-hour Charts

Berkshire Hathaway Inc. (BRK.B) Elliott Wave Analysis – Daily & 1H Chart

This Elliott Wave analysis for Berkshire Hathaway Inc. (BRK.B) evaluates both the daily and 1-hour charts, providing insights into market trends and potential price movements.

BRK.B Elliott Wave Analysis – TradingLounge Daily Chart

Berkshire Hathaway Inc. (BRK.B) Daily Chart Overview

BRK.B Elliott Wave Technical Analysis

Function: Trend

Mode: Impulsive

Structure: Motive

Position: Wave 3 of (5)

Direction: Upside within wave (5)

Details: The intermediate wave (5) is expected to continue its steady rise, approaching Trading Level 5 at $500. The equality projection of wave (5) vs. wave (1) at $543 suggests there is still room for further upside momentum.

BRK.B Elliott Wave Daily Chart Analysis

Berkshire Hathaway Inc. (BRK.B) is currently in an impulsive wave structure, positioned in wave 3 of (5). The upward trend is expected to persist, with intermediate wave (5) targeting $500. The price action suggests further growth potential, as the equality of wave (5) to wave (1) indicates a possible target of $543. Traders should watch for continued bullish momentum as wave (5) unfolds.

Berkshire-Hathaway-I...


BRK.B Elliott Wave Analysis – TradingLounge 1H Chart

Berkshire Hathaway Inc. (BRK.B) 1-Hour Chart Overview

ASX BRK.B Stock Technical Analysis

Function: Trend

Mode: Impulsive

Structure: Motive

Position: Wave {i} of 3

Direction: Approaching wave {i} top

Details: The wave {i} top is nearing completion, followed by a potential corrective pullback, which may present a buying opportunity.

BRK.B Elliott Wave 1H Chart Analysis

On the 1-hour chart, BRK.B appears to be reaching the top of wave {i} of 3. Once this wave tops out, a corrective pullback is anticipated, which could provide an opportunity for traders to enter long positions before the next bullish move into wave {iii}. Monitoring support levels during the retracement will be crucial to identifying a strong continuation setup for further upside momentum.

Technical Analyst: Alessio Barretta

Source: visit Tradinglounge.com and learn From the Experts Join TradingLounge Here 

See Previous: The Boeing Company (BA) Elliott Wave Technical Analysis

VALUE Offer - Buy 1 Month & Get 3 Months!Click here

Access 7 Analysts Over 200 Markets Covered. Chat Room With Support

Berkshire-Hathaway-I...

Related

Elliott Wave Technical  Analysis of Visa Inc. (V) that provides in-depth insights into stock Market trends

Elliott Wave Technical Analysis of Visa Inc. (V) that provides in-depth insights into stock Market trends

Discover a detailed Elliott Wave analysis of Visa Inc. (V) that provides in-depth insights into stoc...

Read More >
Indian Stock Market Update on OIL & NATURAL Gas Co. Stock Analysis: ONGC Elliott Wave Technical Analysis & Price Prediction

Indian Stock Market Update on OIL & NATURAL Gas Co. Stock Analysis: ONGC Elliott Wave Technical Analysis & Price Prediction

Discover comprehensive ONGC stock analysis featuring Elliott Wave forecasts, technical analysis, and...

Read More >
Gold (XAUUSD) Commodity Elliott Wave Technical Analysis: A Minor Pullback is Expected soon, Bullish Trend Continues

Gold (XAUUSD) Commodity Elliott Wave Technical Analysis: A Minor Pullback is Expected soon, Bullish Trend Continues

Gold's Elliott Wave analysis reveals a strong upward momentum throughout 2024, with prices neari...

Read More >
Euro/British Pound (EURGBP) Elliott Wave Analysis: Forecast, Trading Strategy, Market Trends, Price Prediction & Technical Insights

Euro/British Pound (EURGBP) Elliott Wave Analysis: Forecast, Trading Strategy, Market Trends, Price Prediction & Technical Insights

EURGBP Elliott Wave Analysis provides a detailed forecast of price movements, wave structures, and m...

Read More >
Understand Bitcoin market trends: Bitcoin Crypto Price News Today BTCUSD Elliott Wave Technical Analysis

Understand Bitcoin market trends: Bitcoin Crypto Price News Today BTCUSD Elliott Wave Technical Analysis

Unlock the potential of Bitcoin trading with our in-depth Elliott Wave analysis. This guide provides...

Read More >
Cocoa Commodity Elliott Wave Technical Analysis: The Current Correction Phase, and Trading Strategies for futures

Cocoa Commodity Elliott Wave Technical Analysis: The Current Correction Phase, and Trading Strategies for futures

Cocoa prices have been fluctuating since mid-May, with a potential for further declines. Using Ellio...

Read More >

Buy 1 Month

Get 3 Months!

Special Offer:

Trade Recommendations

Unleash the power of deversified trading with our comprehensive portfolio, covering:

  • Stock Trades
  • Crypto Trades
  • Forex Trades
  • Commodity Trades
Elliott Wave Analysis

Gain a competive edge with expert insights in to:

  • Global Indices
  • US Stocks & ASX Stocks
  • Forex & Crypto
  • Commodities
Top-Notch Trading Tools

Equip yourself with the tools of success:

  • Social Chat
  • Elliott Wave Algorithm
  • Screener
  • TradingLevels
  • Trading Game
7 Elliott Wave Analysts

Stay ahead of the market with daily charts and insightful videos
-Your secret to strategic trading!

JOIN HERE


Welcome to TradingLounge (ASIC A.R.No. 321187), specialists in trades, trading education and technical analysis, covering stocks, indices, commodities, forex and cryptocurrencies.

When you join TradingLounge you have access to everything we offer, including trade tools, educational content and a social platform to chat with like-minded investors.

Read more

@Copyright 2024 by tradinglounge.com

Contact Us

Australian no: 02 4787 6020

International no: +61 (2) 47876020

Pay with:

Find us on