BRK.B Head and Shoulders
1. BRK.B has made a very clear head and shoulders
2. The fractal pattern of Sep 15 to Jan 16 fits quite well, and even offers two touches to 61.8% support
3. The company is largely in defensives, hence great upside is unlikely. The Summer S&P dip will be reflected here.
4. Warren and Charlie, God bless them, are not getting any younger.
Now is the time for long-term investors to take some of their BRK.B profits, and for traders to consider a summer short.
2. The fractal pattern of Sep 15 to Jan 16 fits quite well, and even offers two touches to 61.8% support
3. The company is largely in defensives, hence great upside is unlikely. The Summer S&P dip will be reflected here.
4. Warren and Charlie, God bless them, are not getting any younger.
Now is the time for long-term investors to take some of their BRK.B profits, and for traders to consider a summer short.
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