Watch These Berkshire Hathaway Price Levels After Stock Sets Record High | Global News Avenue

Berkshire Hathaway (bk.b) Stock jumps to High record The conglomerate reported on the weekend that Monday Fourth quarter operating revenue Soaring more than 70%.

CEO Warren Buffett in his Annual letter to shareholders That’s Most of the company’s funds are still invested in stocksDespite the cash pile and recent stock sales, it will continue to exist.

Berkshire Class B shares rose 4.1% to $498.42 on Monday, up 10% since the beginning of the year. In contrast, the big hat S&P 500 So far, the index has returned 1.7%.

Next, we break down technology On Berkshire’s chart, identify important price levels worth paying attention to.

Upward triangle breakthrough

Because it’s close 200-day moving average and a lower trend line Ascending triangleBerkshire stock continues to trend higher, with prices slightly higher than that model High history today.

Importantly, breakthroughs occur at the highest daily volume Since December Triple Witch The trade fair shows that institutional investors participate in the purchase. and, Relative Strength Index (RSI) The bullish price momentum was confirmed, with the reading above the 70 threshold, but it also pointed out that the over-purchase conditions were taken.

Let’s apply Technical Analysis Predict potential upward space Price target And find key support levels worth tracking Callback.

Upward target based on chart

Measured moving target target

The measured mobile technology, also known as Measurement principlepredict the rising target by analyzing the depth of the rising triangle, thus projecting the potential movement higher. To apply the analysis to Berkshire’s chart, we compute the distance between the two trend lines near its widest section and add it to the breakout point. For example, we add $70 to $485, with an estimated target of $555.

Bar model price target

Column pattern analysis proposes a possible upside goal by examining previous trends to predict how future directional movements work. When applying this tool, we extract the price bar, including after the earlier rising triangle on the Berkshire chart, and reposition it from the highest trend line in the current pattern. This is expected to target around $560.

Key support levels for tracking during callbacks

Finally, during the pullback, investors should pay close attention to the critical $485 level. Investors seeking a drawdown Entrance point You may see the value of the area near the top trendline of the ascending triangle, which may flip from previous places Resist Enter the field of future support.

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As of the date of writing this article, the author does not own any of the above securities.