Elliott Wave Technical Analysis: Berkshire Hathaway Inc. - Friday, Feb. 28

Berkshire Hathaway Inc. (BRK-B) Elliott Wave Analysis – Daily Chart

• Function: Trend
• Mode: Impulsive
• Structure: Motive
• Position: Wave 5 of (3)
• Direction: Upside into wave 5

Details:

• Expecting upside continuation into wave 5, with targets around $570.
• Key support above $500 is needed to confirm the bullish momentum.

Berkshire Hathaway Inc. (BRK-B) Elliott Wave Analysis – 1H Chart

• Function: Trend
• Mode: Impulsive
• Structure: Motive
• Position: Wave (iii) of {iii}
• Direction: Upside in wave (iii)

Details:

• Recent upmove from the January bottom is unfolding in threes and fours.
• Expecting further bullish momentum before a larger-degree top in wave {iii}.

Conclusion

This equities analysis highlights key market trends across multiple stocks and ETFs using Elliott Wave Theory.

• Stocks like BRK-B, LLY, MELI, and V show impulsive trends, signaling further upside potential.
• Corrective patterns in AVY, PG, and SMH indicate areas where traders should be cautious.
• Key resistance and support levels are critical in confirming future market moves.

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