Berkshire Hathaway Inc. in the early stages of an uptrend

Apr 22nd, 2016 – Comment

Looks like there is more in it


About the Author

Lou Schizas is an equities analyst, investor, entrepreneur, professor and television and radio personality – and a true believer in the happiness-inspiring powers of capitalism.


Read the author's full profile.


Further Research

Read more about Financial Services.


 

BRK.B LOGO

 

What should I be looking at with regards to Berkshire to be  ”looking further into the future”? Seems I may have been right in terms of a short term bounce but couldn’t crack it’s high of $145 from July 2015 and now looks set to test the MA.

Couple other questions. Answer as short or as long as you like, yes/no, one word, whatever, I’m quite curious to know your thoughts.

Fiscal cliff re Debt Bubble?

US Default?

Peter Schiff

Lithium, specifically Lithium-X and Nemaska.

Thanks,

Andrew

 

Hey Andrew,

Thanks for the assignment. This will be my first look under the hood at Berkshire Hathaway Inc. (BRK.B NYSE). These are the class of shares created by Warren Buffett to avoid the “A” shares from getting packaged into funds with their associated higher fees. The point was to allow long term investors to get in without middlemen. In 2010 the “B” shares were split fifty for one.

In terms of a fiscal cliff, debt bubble, and US Default I think its possible in time but not at this time. In my lifetime I have experienced many a financial crisis of one sort of another. The resolutions are always at the expense of those enslaved by the pyramid of extortion. The lesson – keep climbing up that hill!

Peter Schiff along with all market participants is not infallible. He warned on the subprime fiasco but his call on $5,000 gold has yet to transpire. Life is like that. I advise listening to all the voices and then auditing the charts to make sure that the prognostication and reality are moving in lockstep.

Finally I will rack your lithium stocks and get to them in time but not at this time.

Lets examine BRK.B

 

BRK.B

The three-year chart has a number of patterns worth mentioning. The first is that the downtrend that started in late 2014 as the stock peaked near $151.50. The retreat endured until February of 2016 where it caught a bounce.

The move higher has taken the shares up and through the downtrend line, and both moving averages over a short period of time. The MACD and the RSI both generated buy signals in January ahead of the advance.

You have already identified the resistance at $145.00 which will have to be overcome if this up leg is going to be sustained.

BRK.B2

The six-month chart pulls the focus on the buy signals from the momentum indicators in January and the golden cross that formed in April.

From the evidence at hand it looks like a new uptrend is shaping up which could prove profitable.

You were asking about other indicators that might help identify longer trends and I would suggest that you look into Fibonacci indicators. Here’s a good place to begin.

http://www.investopedia.com/ask/answers/05/fibonacciretracement.asp

 

Next time I will investigate the case for Pure Energy Minerals Limited (PE TSXV) for DZ.

 

Make it a profitable day and happy capitalism!

 

 

 

Categories: Financial Services
Content © Relentless Economics - Charts courtesy Stockcharts.com - Employees Entrance - Optimization Media