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Berkshire Hathaway Inc (BRK.B) “On a long-term technical basis, the stock (BRK.B) is trading above its 200-day moving average which implies it is in a positive trend.
The stock has support at 204.57 and 186.10. If the stock breaks down through support at 204.57 then it will probably continue lower to 186.10. The stock has resistance at 208.99 and at 224.13. If the stock breaks up through resistance at 208.99 then it will probably continue higher to 224.13. The 200-day moving average is at 204.57. This will also act as support. The stock has broken out of its long-term downtrend and is looking more positive recently. If the stock can form new support above 204.57 look for a rally to previous highs. The stock is slightly oversold according to the Stochastic Indicator (33.04).”
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