When we look at the Berkshire Hathaway B (NYSE:BRKb) chart, we see its fall from the $320 range on Feb. 15 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.
The company has scheduled a quarterly earnings announcement today. 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.