BRK.B is oversold?
BRK.B 2-year uptrend channel was broken last week. As you can see BRK.B peaked in mid-March 2022 with a classic blow off top pattern. Since BRK.B April 1st Friday close of $351.88, it closed a whopping -$83.80 or -24% in that time frame at $268.08 last Friday 6/17. I'm posting this as bullish because BRK.B closed at March 2021 levels area last week in a possible horizontal support zone. So I will be planning a short / medium term bounce long entry at some point this week *maybe. 7/1 expiry otm call on radar.
Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends...
*3x lucky 7s of trading*
7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
Balance sheet
7 Common mistakes:
+5% portfolio trades, capital risk management
Beware of analyst's motives
Emotions & Opinions
FOMO : bad timing, the market is ruthless, be shrewd
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors, no adaptation
7 Important tools:
Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big, organized desk
Reading books, playing chess
Sorted watch-list
Checkout my indicators:
Fibonacci VIP - volume
Fibonacci MA7 - price
pi RSI - trend momentum
TTC - trend channel
AlertiT - notification
tickerTracker - MFI Oscillator
tradingview.com/u/growerik/
Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends...
*3x lucky 7s of trading*
7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
Balance sheet
7 Common mistakes:
+5% portfolio trades, capital risk management
Beware of analyst's motives
Emotions & Opinions
FOMO : bad timing, the market is ruthless, be shrewd
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors, no adaptation
7 Important tools:
Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big, organized desk
Reading books, playing chess
Sorted watch-list
Checkout my indicators:
Fibonacci VIP - volume
Fibonacci MA7 - price
pi RSI - trend momentum
TTC - trend channel
AlertiT - notification
tickerTracker - MFI Oscillator
tradingview.com/u/growerik/
Note
BRK.B 7/1 expiry options data:Put Volume Total 160
Call Volume Total 466
Put/Call Volume Ratio 0.34
Put Open Interest Total 4,048
Call Open Interest Total 4,395
Put/Call Open Interest Ratio 0.92
Trade active
7/15 expiry otm callplan is to dca position over the next 3 weeks
Note
BRK.B 7/15 expiry options data:Put Volume Total 146
Call Volume Total 350
Put/Call Volume Ratio 0.42
Put Open Interest Total 23,591
Call Open Interest Total 23,352
Put/Call Open Interest Ratio 1.01
Note
Can't hurt to get put hedge insurance over the weekend if you've been long. imo
Trading indicators:
tradingview.com/u/Options360/
tradingview.com/u/Options360/
Trading indicators:
tradingview.com/u/Options360/
tradingview.com/u/Options360/
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