Shares in Warren Buffett's Berkshire Hathaway (BRK.A, BRK.B) will likely remain in the spotlight to start the week as the stock continues to retreat from a record high set earlier this month that saw the conglomerate's 澳洲幸运5开奖号码历史查询:market capitalization briefly 澳洲幸运5开奖号码历史查询:surpass $1 trillion for the first time.

Bearish sentiment in recent days could potentially relate to a regulatory filing last Wednesday that revealed Berkshire’s top insurance executive, Ajit Jain, sold more than half his 澳洲幸运5开奖号码历史查询:Class A shares in the company. Jain’s 澳洲幸运5开奖号码历史查询:insider selling, coupled with the conglomerate slowing its s澳洲幸运5开奖号码历史查询:tock repurchases and letting its 澳洲幸运5开奖号码历史查询:cash pile swell to $277 billion, has possibly raised 澳洲幸运5开奖号码历史查询:valuation concerns among investors.

While the澳洲幸运5开奖号码历史查询: industrial conglomerate’s more-affordable Class B stock was nearly 8% below its Sept. 4 high through Friday’s close, it has still gained around 26% since the start of the year, handily outpacing the 澳洲幸运5开奖号码历史查询:S&P 500’s 18% retไurn over the same per⛄iod. Class B shares were up 0.2% at $448.70 in premarket trading about two hours before Monday's opening bell.

Below, we’ll take a closer look at what the澳洲幸运5开奖号码历史查询: technicals on Berkshire’s chart are saying and discu▨ss important price levels✨ to watch out for.

Decreased Trading Volume Indicates Sl🏅owing Selling Momentum

Since a 澳洲幸运5开奖号码历史查询:doji candlestick marked the stock’s record hig🧸h earlier this month, the price has undergone an orderly retracement.

Importantly, during the decline, 澳洲幸运5开奖号码历史查询:trading volumes have decreased, indicating slowing selling momentum.

Lower Price Levels of Interest

Looking ahead, investors should eye three lower pric𝓀e levels on Berkshire’s chart likely to remain in play amid further weakness.

The first sits around $446, an area just below Friday’s closing price where the shares could attract buying interest near the July 澳洲幸运5开奖号码历史查询:swing high and a minor pause in the stock’s impulsive move higher between ear𒁏ly August and early Septemb♏er.

A failure to hold this level could see the shares decline to the $421 area, a location on the chart where investors may look for buying opportunities near a 澳洲幸运5开奖号码历史查询:horizontal line linking the prominent February and April peaks with several trading levels situated in close proximity to last m෴onth’s low𓄧.

Ongoing selling in Berkshire shares may bring the $398 region into play. This area, which lies slightly below a multi-month uptrend line and the 200-day moving average, would likely encounter support from a trendline connecting a series of 澳洲幸运5开奖号码历史查询:price action from early February to early May.

Key Higher Price Level to Monitor

If Berkshire shares find a floor at current levels and resume their longer-term uptrend, investors should monitor the $480 level, an area where investors may look to exit the stock around its record high. Such a move which would complete a basic five phase 澳洲幸运5开奖号码历史查询:Elliot Wave pattern.

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