[22] BRK.B, DELL, TGT
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Fourth of the week! Let’s review a few more names:
Berkshire Hathaway Inc. (NYSE: BRK.B)
BRK.B is currently back at its COVID support trendline while consolidating in a pennant pattern. It's still unable to break above the monthly resistance at 500.19.
If BRK.B breaks above 500.19 and the pennant resistance, then it can see upside continuation towards the next Fib level sitting at 689.91.
However, if BRK.B continues to reject 500.19, loses the pennant support, and breaks below the 487.31 Fib level, then it could see a correction back into the 440.10 yearly support.
Do note that the weekly and monthly stochastics are trying to form bullish crossovers.
Dell Technologies Inc. (NYSE: DELL)
DELL is currently consolidating below horizontal resistance at 158. Note that it's still trading between this resistance and the long-term support trendline dating back to its IPO.
Recently, it broke out from the short-term red resistance trendline after retesting the 110.71 Fib level. It's currently stalling below the 117-120 monthly resistance.
If this zone is breached, then DELL can retrace back into the 131.06 prior monthly high.
However, if DELL continues to reject here, then it could come back into the 110.71 Fib level, and the 96-106 monthly imbalance. The tape continues to be choppy and there's always the possibility of it retracing further or chopping sideways into trend support.
Target Corporation (NYSE: TGT)
TGT is currently consolidating in a descending channel pattern. It recently retested its 2015 prior ATH at 85.81 and bounced off its channel support.
Since then, it's been filling its half-yearly imbalance from 109-120 and heading towards the channel resistance.
Should TGT break out of channel resistance and reclaim the 130.24 yearly level, it can push towards the 195.28 Fib level with time.
Otherwise, if TGT rejects off channel resistance, it could come back into the 107.72 Fib level.
@TigerWire @TigerStars @TigerEvents @CaptainTiger @MillionaireTiger
$Berkshire Hathaway(BRK.B)$ $Dell Technologies Inc.(DELL)$ $Target(TGT)$ $Apple(AAPL)$ $NVIDIA(NVDA)$
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