Berkshire Hathaway (BRK.B) shares jumped to a 澳洲幸运5官方开奖结果体彩网:record high Monday after the conglomerate reported over the weekend that its 澳洲幸运5官方开奖结果体彩网: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官方开奖结果体彩网:annual letter to shareholders that the majority of the company’s money remains invested in equitꦑies—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官方开奖结果体彩网:S&P 500 index has returned 1.7% so far in 2025.

Below, we break down the 澳洲幸运5官方开奖结果体彩网:technicals on Berkshire’s chart and identify importa♎nt price l♋evels worth watching out for.

Ascending Triangle Breakout

Since bottoming out near the 澳洲幸运5官方开奖结果体彩网:200-day moving average and the lower trendline of an 澳洲幸运5官方开奖结果体彩网: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官方开奖结果体彩网:all-time high today.

Importantly, the breakout occurred on the highest daily volume since December’s 澳洲幸运5官方开奖结果体彩网:triple witching trading session, indicating institutional investors participated in the buying. Moreover, the 澳洲幸运5官方开奖结果体彩网:relative strength index (RSI) confirms 🌳bullish price momentum with a reading above the 70 thre🐈shold, but also points to overbought conditions.

Let’s apply 澳洲幸运5官方开奖结果体彩网:technical analysis to forecast potential upside 澳洲幸运5官方开奖结果体彩网:price targets and also locate a key support level worth tracking during 澳洲幸运5官方开奖结果体彩网:pullbacks.

Chart-Based Upside Targets

Measured Move Price Target

The measured move technique, also known as the 澳洲幸运5官方开奖结果体彩网:measuring principle, forecasts an upside target by analyzing the depth of the ascending 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 t🔜he 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 studying 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官方开奖结果体彩网: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官方开奖结果体彩网: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.