Berkshire Hathaway Inc. 
BRK.B, Warren Buffet's company has an ugly head and shoulder pattern forming on the daily chart. Considering this company owns a little of everything, it is a very ominous sign for the global economy. Head and shoulder patterns are bearish patterns, predicting steep drops. The key break down level on Berkshire Hathaway is $111.00. If it takes out that level to the downside, $102.00 would be the next stop. Please note the chart below.
Chart with H&S pattern here: inthemoneystocks.com/rant-and-rave-blog/item/102077-warren-buffet-head-and-shoulders-an-ugly-signal-for-the-oracle
Gareth Soloway
Chief Market Strategist
InTheMoneyStocks.com
BRK.B, Warren Buffet's company has an ugly head and shoulder pattern forming on the daily chart. Considering this company owns a little of everything, it is a very ominous sign for the global economy. Head and shoulder patterns are bearish patterns, predicting steep drops. The key break down level on Berkshire Hathaway is $111.00. If it takes out that level to the downside, $102.00 would be the next stop. Please note the chart below. Chart with H&S pattern here: inthemoneystocks.com/rant-and-rave-blog/item/102077-warren-buffet-head-and-shoulders-an-ugly-signal-for-the-oracle
Gareth Soloway
Chief Market Strategist
InTheMoneyStocks.com
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.