BRK.B: for value, dividend & diversified investiors; good hedge
Berkshire Hathaway of Warren Buffet is well known for value-investing. In an environment where growth stocks already had a great run & now correcting, may BRK.B is a sound hedge for the moment. This ETF had financials like BAC, V, MA & the latest is a Brazilian Bank NU which are good hedges for rising interest rates. It had several utilities, consumer staples, retails & health stocks as defensive stocks. (Abbe, PG, KR, KO, MCD, transport stocks). Put AAPL, MSFT, SNOW & the latest ACTivision stock for a mix of technology.
Maybe it is because of this balanced portfolio that BRK.B was not much affected by recent crash.
However, the recent spike in ACTivision & NU stock pushed BRK.B to overshoot its MEGAPHONE pattern.
It the short term, it may come back down to retest the upper Megaphone or the uptrend line before resuming rally.
Normally a rising wedge usually breaks downward but this is less likely as there is a very strong horizontal support zone below.
Not trading advice
Maybe it is because of this balanced portfolio that BRK.B was not much affected by recent crash.
However, the recent spike in ACTivision & NU stock pushed BRK.B to overshoot its MEGAPHONE pattern.
It the short term, it may come back down to retest the upper Megaphone or the uptrend line before resuming rally.
Normally a rising wedge usually breaks downward but this is less likely as there is a very strong horizontal support zone below.
Not trading advice
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