As shown on the chart, the Class B shares of Berkshire Hathaway (BRK.B) have surpassed $520 for the first time in history. Notably, US stock indices remain below their record highs, further highlighting Warren Buffett’s investment acumen.

In late December, we noted that:

→ Berkshire Hathaway (BRK.B) had significantly reduced its position in Apple (AAPL) and refrained from making new purchases.
→ This suggested that Warren Buffett believed US stocks were overvalued and that a market correction was likely.

Once again, Buffett has been proven right. The Telegraph reports that the legendary investor correctly anticipated that Donald Trump would send Wall Street tumbling.

Additionally, Berkshire Hathaway’s latest earnings report, released yesterday, revealed that the company has been investing in the Japanese stock market—likely contributing to the optimism surrounding BRK.B shares.

Technical Analysis of BRK.B Shares

Key points for constructing the upward price channel are marked in blue, with:

→ The median line shifting from resistance to support (as indicated by arrows).
→ The price approaching the upper boundary of the channel, which could act as resistance.
→ The price action following the breakout above the psychological $500 level displaying strong bullish confidence.

Given these factors, if BRK.B shares enter a correction phase after the sharp rally (potentially reversing from the upper channel boundary), the $500 level is likely to act as support.

Another key support level is $483, which served as resistance in 2024 but has yet to be tested following the bullish breakout.

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Filed under: News - @ March 18, 2025 9:25 am