Trading Idea for Berkshire Hathaway (NYSE)

Berkshire Hathaway (NYSE)

#BRK.B

The trend is up. The stock is trading in the range of the 365 and 135 EMAs. The downward truncated wave pattern ended with a breakout of the sloping channel. The Awesome Oscillator shows a bullish divergence, and the Stochastic Oscillator is signaling oversold conditions.

Trading idea:

Buy on a breakout of 504.50.

Stop Loss – 498.12.

Target levels – 513.00; 525.00.