Berkshire Hathaway, Buffett's company, released its 10-Q report on Saturday, revealing a massive reduction in its Apple holdings, down nearly 50%. This is likely to put some selling pressure on Apple.
Now check the weekly chart of Berkshire Hathaway. It closed as a bearish engulfing candle last week, signaling the start of a pullback.
So the price might continue to drop this week.
We could pay attention to the support level from previous high because the daily chart may have a short-term callback here.
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