Berkshire Hathaway Not Giving Up Yet

Berkshire Hathaway Inc. Class B stock fell from above $100 to $45 during the 2007-2009 stock market crash. However, this 55% sell-off was followed by an even more impressive recovery to nearly $153 a share in December 2014. But 2015 has not been the best year for Berkshire Hathaway so far, as prices plunged to $125.10 on August 24th, the “Black Monday”. So, what to expect from now on? The next chart shows the most likely scenario, suggested by the Elliott Wave Principle.
berkshire hathaway
According to the theory, trends progress in five-wave sequences, called impulses. As visible, the whole rally since 2009 looks like an unfinished impulse, because its wave (5) is still missing. If this is the correct count, Berkshire Hathaway should continue higher. Unless a truncation occurs, wave (5) is supposed to exceed the top of wave (3). $160 sounds like a good target for the bulls to aim at.

New to Elliott Wave?

Elliott Wave principle offers a completely new understanding of what the nature of the markets is, what drives them and what can be derived from their movement. This course is for those of you, who have been looking for an honest Elliott Wave guide, describing the method’s advantages over other trading tools, but not hiding its weaknesses.

Check Video Course    or     Check our eBook


See our Video Course
or check our eBook

Last year over 60k readers trusted EWM Interactive to help them in their trading decisions.

I’m very happy i discovered your service. Thanks so much and keep up the good work!

- Xavier N.

Just loving your analysis. Thank you so much, really wished you add some more currencies to your list You have a client for life :)

- J. Kotzee

I love the way EWM does business: response times & overall friendly demeanor are fantastic... and the prices are very fair. The trade recommendations read like like they come from a seasoned trader that is used to winning. Couldn't ask for more.

- C. Montgomery

I love the way EWM does business: response times & overall friendly demeanor are fantastic... and the prices are very fair. The trade recommendations read like like they come from a seasoned trader that is used to winning. Couldn't ask for more.

- C. Montgomery

I’m very happy i discovered your service. Thanks so much and keep up the good work!

- C. Montgomery

Just loving your analysis. Thank you so much, really wished you add some more currencies to your list You have a client for life :)

- C. Montgomery