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- 1 Buffet’s Berkshire Hathaway has recently added $211 Million worth of Occidental Petroleum common stock shares
- 2 Brk.A stock price is currently seeing a strong bearish trend in price. It has observed a slight decline in the intraday session
Berkshire Hathaway is an American multinational conglomerate with headquarters in Omaha Nebraska, United States. They have a very broad portfolio of subsidiaries, equity, and other securities. The company has been overseen by CEO Warren Buffet and Vice Chairman Charlie Munger since 1970. They both have been known for their advocacy in value investing. Berkshire Hathaway’s biggest Holdings include Apple, Insurance, Energy, and many more. During the annual share-holding meeting Warren Buffet said that Apple is a better business than anything we own. It checks every box of investing for Buffet and its investing team. Meanwhile. Berkshire Hathaway has recently added Occidental petroleum stocks worth around $211 Million. Last year Buffer owned 20% of the company and is increasing his shares in it. Warren Buffet also announced that they have added Capital One stock to his portfolio. BRK.A stock price has been observing a slight decline over the past few days.
BRK.A has a market cap of $699 Billion with very strong financials. Berkshire has a positive PE and EPS which can see an increase in the future. Berkshire Hathaway’s stock price is slightly away from its 52-week high and can see a breakout soon.
Is BRK.A Price Ready To Cross $600,000?
Berkshire Hathawa has been trading in a consolidated trend for the past few weeks.For the past few days Berkshire is trading downwards. BRK.A stock price candle has closed below the EMA indicating strong bearish momentum.Exponential Moving Average of Berkshire is currently trending above above the 100 SMA ( simple moving average ) which indicates that Berkshire is currently on safer side in terms of Severe Bearish momentum .
Support : As BRK is trending on support and if breaks without retracement can show a good bearish rally by making new lower low till the next support of $454430 .
Resistance : As of now BRK is about to break support but on the other side there is a possibility it can retrace from the same , then the immediate resistance is $510740.
Conclusion
BRK.A stock price is showing Bearish momentum, but as per moving averages the price action can show a positive run for the long run. If BRK.A price breaks support it can have a small bearish rally up to next level.
Technical Levels
Major Support:$4554430
Major Resistance:$510740
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only. They do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Nancy J. Allen is a crypto enthusiast, with a major in macroeconomics and minor in business statistics. She believes that cryptocurrencies inspire people to be their own banks, and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning. She frequently researches, and posts content on the top altcoins, their theoretical working principles and technical price predictions.
