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官方开奖结果体彩网:market capitalization briefly 澳洲幸运5官方开奖结果体彩网: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官方开奖结果体彩网:Class A shares in the company. Jain’s 澳洲幸运5官方开奖结果体彩网:insider selling, coupled with the conglomerate slowing its s澳洲幸运5官方开奖结果体彩网:tock repurchases and letting its 澳洲幸运5官方开奖结果体彩网:cash pile swell to $277 billion, has possibly raised 澳洲幸运5官方开奖结果体彩网:valuation concerns among investors.

While the澳洲幸运5官方开奖结果体彩网: 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官方开奖结果体彩网:S&P 500’s 18% return over the same period. 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官方开奖结果体彩网: technicals on Berk🍌shire’s chart are saying and discuss important price levels 𓂃to watch out for.

Decreased Trading Volume Indicates Slowingꦺ Se🔴lling Momentum

Since a 澳洲幸运5官方开奖结果体彩网:doji candlestick marked the stock’s record high earlier this month, theꦉ price has undergone an orderly retr𝓀acement.

Importantly, during the decline, 澳洲幸运5官方开奖结果体彩网:trading volumes have decreased, indicating slowing selling momentum.

Lower Price Levels of Interest

Looking ahead, in💯vestors should eye three lower price levels on Berkshire’s chart likely to remain in play amid fu꧃rther 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官方开奖结果体彩网:swing high and a minor pause in the stock’s impulsive move higher🐽 between ﷺearly August and early September.

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官方开奖结果体彩网:horizontal line linking the pro🌄minent February and Apri💙l peaks with several trading levels situated in close proximity to last month’s low.

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官方开奖结果体彩网: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官方开奖结果体彩网:Elliot Wave pattern.

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