Berkshire Hathaway (BRK.B) shares jumped to a 澳洲幸运5开奖号码历史查询:record high Monday after the conglomerate reported over the weekend that its 澳洲幸运5开奖号码历史查询:fourth-quarter operating earnings surged more than 70% year-over-year.

Sentiment surrounding the stock may have also received a boost after CEO Warren Buffett said in his 澳洲幸运5开奖号码历史查询:annual letter to shareholders that the majority of the company’s money remains invested in equiﷺties—and would continue to be—despite its record cash pile and recent stock sales.

Berkshire Class B shares rose 4.1% to $498.42 on Monday and have gained 10% since the start of the year. By comparison, the large cap 澳洲幸运5开奖号码历史查询:S&P 500 index has returned 1.7% so far in 2025.

Below, we break down the 澳洲幸运5开奖号码历史查询:technicals on Berkshire’s charဣt and identify important price levels𒁃 worth watching out for.

Ascending Triangle Breakout

Since bottoming out near the 澳洲幸运5开奖号码历史查询:200-day moving average and the lower trendline of an 澳洲幸运5开奖号码历史查询:ascending triangle, Berkshire shares have continued to trend higher, with the price breaking out above the pattern to a new 澳洲幸运5开奖号码历史查询:all-time high today.

Importantly, the breakout occurred on the highest daily volume since December’s 澳洲幸运5开奖号码历史查询:triple witching trading session, indicating institutional investors participated in the buying. Moreover, the 澳洲幸运5开奖号码历史查询:relative strength index (RSI) confirms bullish price momentum with a readi🔜ng above the 70 threshold, but also points to overbouꦕght conditions.

Let’s apply 澳洲幸运5开奖号码历史查询:technical analysis to forecast potential upside 澳洲幸运5开奖号码历史查询:price targets and also locate a key support level worth tracking during 澳洲幸运5开奖号码历史查询:pullbacks.

Chart-Based Upside Targets

Measured Move Price Target

The measured move technique, also known as the 澳洲幸运5开奖号码历史查询:measuring principle, forecasts an upside tꦉarget by analyzing the depth of the ascendiಌng triangle to project a potential move higher. To apply the analysis to Berkshire’s chart, we calculate the distance between the pattern’s two trendlines near their widest section and add that amount to the breakout point. For instance, we add $70 to $485, which forecasts a target of $555.

Bars Pattern Price Target

Bars pattern analysis projects a possible upside target by studಞying prior trends to predict how a future directional move may play out. When applying this tool, we extract the price bars comprising the stock’s trend higher following an earlier ascending triangle on Berkshire’s chart and reposition them from the current pattern’s top trendline. This predicts a target of around $560.

Key Support Level to Track During Pullbacks

Finally, during pullbacks, investors should keep a close eye on the key $485 level. Investors who look for retracement 澳洲幸运5开奖号码历史查询:entry points may see value in this area near the ascending triangle’s top trendline, which could flip from a place of prior 澳洲幸运5开奖号码历史查询:resistance into an area of future support.

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