BRK.B , Time will tell.I decided to do this one with a line chart to show things a little clearer .
This could go two ways , I personally see good reason for BRK.B to continue its run up, hard to say where since its forming a new trend at this time, but, I would love to see somewhere around $225. Stock certainly has a good reason to do so with the recent earnings report .
However, looking at the accumulation/distribution indicator (not included in this chart but I encourage you to check that out), I saw that there was some distribution around close today which did not perfectly coincide with closing price (bearish), but it was not too extreme ....
I think that if the price drops below support (previously resistance), then there is a good technical possibility the price will be stuck back in the prior trend but sort of a coin toss right now .
To be clear , if it breaks the current support , that's bearish and not an entry signal. If I continues its run up without breaking support, that's a technical green light .
The red line is my stop and green is my hopeful target .
Cheers
