BRYN trade ideas
BRK.B Swing Idea Looking at Berkshire on the daily we see a clear formation of a triangle breakout with a very green engulfing candle trying to push through the Fibonacci .382 level which is key for a push to 290$+. In my opinion from previous patterns on BRK.B the buyers are heavy and tend to eat this stock when it forms patterns like so. Im grabbing calls as a swing 282.5 @ 1.2! AS for as the stock im already in a position and looking to add more in on dips currently 6k in
Trading sentiment is bearish and awaiting further pullbackThe TRIN backtest built by a third party on Trading View shows clearly the short signal since late May and yet to exit. Those looking to enter the market should wait for further downside consolidation. Besides the Summer seasonal effect kicking in. Looking to average buy from 280 level and accumulate further down. Same signal on SPX, US30, Nasdaq100.
BERKSHIRE CORRECTION PENDING? 🧙♂️When we see these kinds of parabolas approaching an asymptote (usually in cryptos), we can tell right away that the correction is inevitable. Love to see Buffet's stock at all times high, but at this level, it's somewhat overpriced and as we're approaching that hashed vertical line we might see some 10%ish drop on this stock. This is not really a full technical analysis as always, but rather something worth considering overall in the market.
