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
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