Berkshire Hathaway: buy signal in its fourth week
Berkshire Hathaway slips 0.6% as the buy signal loses steam in its fourth week
Berkshire Hathaway: buy signal in its fourth week
Our view last week
Berkshire Hathaway shares close the week down 2.8%, but the daily price action tells a different story: higher lows running from the 486 area to the 495 area — a swing trading detail that softens the red weekly candle. The buy signal is in week 3, the stop has already moved to breakeven, and the Financial sector still runs strong.
This week's summary
Berkshire Hathaway shares close another near-flat week, down 0.6%, but the daily chart carves a fresh double bottom in the 478 area, with a 3% rebound echoing the higher lows already seen last week. The buy signal, now in its fourth week, is starting to lose steam: strength slips to 38 out of 100 and the weekly ADX is cooling off. The Financial sector still runs strong, and the stop has already moved to breakeven.
IQS Phase
60
ordinary
Signal Strength
38
medium · weak
Sizing
REDUCED
Ranking
#80 / 112
US stocks in progress
Trade P&L %
+0.30%
from signal to today
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