Berkshire Hathaway Inc., through its subsidiaries, engages in insurance, freight rail transportation, and utility businesses. It provides property, casualty, life, accident, and health insurance and reinsurance; and operates railroad systems in North America.
As explained in a previous forecast for Berkshire Hathaway, we expected the stock to rally strongly from $176 per share, so it did. We are expecting a bigger rally on this stock any time soon. We do not need to pay attention to Berkshire Hathaway stock fundamentals or earnings reports if we use Set and Forget’s supply and demand stock trading strategy.
As expected, Berkshire Hathaway stock pulled back to a strong weekly demand imbalance, at around $175 per share. It was a buying opportunity we presented a few weeks ago in another supply and demand technical analysis. Take a look at the weekly chart below. Berkshire Hathaway has been rallying strongly for a few weeks.
Watch Berkshire Hathaway stock video technical analysis and forecast
This is the kind of price action technical analysis you will learn in our trading community. You will learn how to locate new supply and demand imbalances and trade without using any indicators, no news, no fundamental analysis, no earnings announcements, no volume or VSA analysis. Just supply and demand imbalances for Berkshire Hathaway.
Trading supply and demand imbalances is ideal for beginners and those with a full or half-time job. You won’t need to stay in front of the computer all day long trying to move price action with your mind.
As supply and demand traders, we do not need to pay attention to the news, fundamentals or any earnings reports. Once a big timeframe imbalance has gained control, earnings do just the opposite and react strongly to those imbalances. Why is it that you see positive earnings and then the underlying stock drops like a rock, or a negative earnings announcement and the stock rallies like a rocket out of control? You are probably missing the fact that there are big imbalances gaining control.
Unless you are doing very short-term trading and scalping, you should not worry about fundamentals or earnings announcements for Berkshire Hathaway.
You can use these imbalances to plan your trades in lower timeframes. Trading is just waiting for the right trigger points and scenarios to present themselves, this game has got a name and it’s called the waiting game. We need to patiently wait for the correct scenarios and setups to happen and wait for the price to pull back or dip into the price levels we want to trade, in our case these price levels are made of supply and demand imbalances.
There are several ways of buying stocks and futures. When trading stocks, you can buy shares of the underlying stock or use options strategies to go long or short at these specific supply and demand levels, long calls or long puts or spreads. You can even buy a Berkshire Hathaway CFD (contracts for difference) if you are in a country where it’s allowed.
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