BERKSHIRE HATHAWAY, Massive Bull-Pennant On Huge Earnings Boost!

28 Feb 2022

Hello,

Welcome to this analysis about the Berkshire Hathaway Stock on the 4-hour timeframe perspectives. As I detected the stock has shown up with great earnings numbers recently with the earnings showing substantial percentages upward, besides that I spotted a main pivotal formation forming here. As when looking at my chart now we can watch there that the stock is building this massive bull-pennant formation with the coherent wave-count within already completed and the stock recently showing up with great bullish volatility penetrating the upper boundary and staying above the 100- and 200-EMA to mark them as support. The whole pennant will be completed when the stock finally breaks out above the upper boundary as it is seen in my chart, this breakout will activate the upper target zone marked in my chart between the 525000 and 530000 level. For now, there is a high likelihood given that this whole formation completes in the near future and once this happened the further volatilities as well as targets will be activated.

In this manner, thank you for watching the analysis, all the best!
"Good fortune is when opportunity meets preparation."

Information provided is only educational and should not be used to take action in the markets.

21 Sep 2023

Catatan

ANALYSIS UPDATE: BERKSHIRE greatly increased the potential for a final upper boundary breakout to accelerate the trend setup.

BERKSHIRE since it completed the whole triangle with the trend setup reached all of the target zones in a consecutive trend wave.