The Abel Resistance is broken
Yesterday, Berkshire Hathaway B ($BRK.B) climbed to a new all-time high of $540, reaching the upper end of what I like to call the Abel Resistance Zone.
After 18 months of scepticism and struggling to break through the $500–$540 range, the market may finally be warming up to Greg Abel’s leadership.
A new era is rolling out just fine. Warren Buffett’s legacy is in good hands, and perhaps investors are beginning to recognize that Abel has what it takes to carry Berkshire forward.
My monthly DCA continues. The long-term story remains intact. New CEO. New ATH. Same Berkshire.