Berkshire Hathaway: Can the Breakout Hold After a Year of ConsolBerkshire Hathaway Inc. Class BBATS:BRK.BDukesMarketAnalysis**Year-Long Consolidation Finally Breaks Berkshire Hathaway has broken above a range that had contained price for almost a year. Importantly, the trend preceding this consolidation was higher, giving bulls the initial advantage following the breakout. **Was the Range a Period of Accumulation? The lengthy sideways period may have represented a phase of accumulation before the eventual move higher. While that cannot be confirmed from price action alone, the breakout raises the possibility that the broader primary uptrend is preparing to resume. **$515 Faces Its First Retest Price is now pulling back towards the $515 breakout area, making this the first meaningful test for bulls. Holding above former resistance would strengthen the breakout and increase the probability of another attempt towards the recent $537.74 high. **Longer-Term Momentum Remains Constructive The 21/8-Week EMAs remain bullishly crossed, with price continuing to trade above both averages. RSI also remains above 50, although an overbought StochRSI suggests some shorter-term cooling would not be surprising. **In Summary Berkshire Hathaway has finally broken higher after spending almost a year consolidating, with the preceding uptrend giving the move a bullish bias. The first real test is whether the former $515 resistance area can now hold as support. A successful retest would strengthen the case for a continuation of the longer-term primary uptrend and another challenge of $537.74, while failure to hold would raise the risk of price slipping back inside its previous range.