Sat. Apr 20th, 2024

Berkshire Hathaway Inc. (BRK.B:NYSE) is consolidating dangerously close to a double whammy bearish breakdown. That is a 7 month top formation with a breakdown line coinciding with the ascending trend line support. Check out the monthly candle chart.

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The weekly candle chart shows some more detail with the target in case of a monthly close below 138.

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A final zoom in on the 1 year daily candle chart. The breakdown will bring this back to prior support at 123.

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I set my alert. Will come back when triggered. So, maybe not timberrrrr just yet.