Mon. Jul 22nd, 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.


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


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


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