Berkshire Hathaway Inc.(BRK.B:NYSE) Elliott Wave Technical Analysis 22 November 23

[tradinglounge]

Berkshire Hathaway Inc., Elliott Wave Technical Analysis

Berkshire Hathaway Inc., (BRK.B:NYSE): 4h Chart 22 November 23

BRK.B Stock Market Analysis:  We are starting to take a look at the bullish scenario for Berkshire. Looking for a potential three wave move into wave {iv} considering there is a scenario where wave {iv} is already in place.  

BRK.B Elliott Wave Count: Wave (b) of {iv}.

BRK.B Technical Indicators: Above all averages.

BRK.B Trading Strategy: Looking for longs into wave {v} once we have further confirmation.  

TradingLounge Analyst: Alessio Barretta

 

 

 

 

 

Berkshire Hathaway Inc.,  BRK.B: 1-hour Chart, 22 November 23

Berkshire Hathaway Inc., Elliott Wave Technical Analysis BRK.B Stock Market Analysis: Looking for equality of c vs. a as upside target for wave c of (b). We could expect resistance on minor level at 365$, as we are already seeing RSI bearish divergence.  

BRK.B Elliott Wave count:  Wave c of (b).

BRK.B Technical Indicators: Above all averages.

BRK.B Trading Strategy: Looking for potential short term shorts if 358 provides retested resistance.