Berkshire Hathaway - Warren Buffet's company is expected to report earnings of $4.05 on revenue of $88.39bn next week

Taking a look at Berkshire Hathaway before Warren Buffet’s company reports its earnings next week. Currently, its stock is trading at around $420.16 a share. Since its shares are trading at all-time highs there aren’t any resistance levels to look towards, which increases the risk-reward of getting into any positions. However, we have seen what has happened with previous companies and their earnings, therefore, potential gains cannot be ruled out here. The next psychological target would in theory be the range of $430-$440, following a positive earnings outlook. Towards the downside, support sits at $415.34 then at $410.17 and then at $405.80. A move below could then see a further decline towards the $400 mark. We can see that there is key support along the supportive trendline, so in the event of a more significant retracement, investors would still have the upper hand unless this was broken. Looking at the technical indicators, they do suggest that overbought conditions are now present. The MACD is at its highest level since 2022 and the RSI reads 85. The last time the RSI came close to this level was also back in 2022.