Today’s instrument is the Berkshire Hathaway Inc. Class B’s stock traded in the NYSE exchange under the ticker BRK-B.
When we look at the BRK.B‘s chart, we see its fall from the $320 range on the 15th of February to the low of $312 where support was formed, followed by a move upwards toward topping at $319 but being unable to consolidate it steadily declined and based above the support level in the $314 range. It was last found trading at the $314.62 range.
Berkshire Hathaway Inc. Class B had scheduled a quarterly earnings announcement today 21/02/2022. If earning expectations are surpassed, we could expect the price to move upwards, towards the $325 price range.
Today we can expect a move towards the $320 resistance level.
If however, it doesn’t manage to hold on to the current level then a move below the $312 support can be expected.
(Click on image to enlarge)
Comments
Log in or sign up to join the conversation.