Key Takeaways
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Shares in Berkshire Hathaway closed at a record high on Monday, buoyed by gains in some of the conglomerate’s key holdings.
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The stock broke out from a symmetrical triangle, a chart pattern that suggests a continuation of the current uptrend.
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The measuring principle projects a near-term price target in the shares of $465, while a bars pattern projects a longer-term target of around $500.
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During retracements, Berkshire shares may find support around $415 from the symmetrical triangle’s top trendline, and near a multi-month uptrend line at $390.
Shares in Warren Buffett’s Berkshire Hathaway (BRK.A, BRK.B) closed at a record high on Monday, buoyed by gains in some of the conglomerate’s key holdings, including Apple (AAPL), American Express, (AXP), Chevron (CVX), and Occidental Petroleum (OXY). Investors typically view the performance of the company’s…
