$BABA long noticed an interesting fact, that a stock or any other instrument will find its bottom on ugly news and its top on good news.
trying a long here and see what will happen. I believe that Charlie Munger had his reasons :)
Munger
BRK.B Berkshire HathawayBerkshire Hathaway is a holding company for a multitude of businesses, run by its famous Chairman and CEO, Mr. Warren Buffett. Berkshire Hathaway is headquartered in Omaha, Nebraska and began as a group of textile milling plants.
"Multitude of Businesses"
Analysis:
My Father is Charlie Munger...My Uncle is Warren Buffet. This doesn't need a wordy analysis. That'll be disrespectful.
On the 1 hour timeframe, price is simply at a strong support. Very profitable, safe organization. Needs to retrace the previous high. Price broke out of its uptrend and found a solid historical support. Time is champion.
*Not advice, just an idea.
