3 Blue-Chip Tech Stocks Look Set For New All-Time Highs
Published
Apr 07 2021 at 2:05 PM GMT
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- Facebook Inc’s (NASDAQ: FB) stock was the first of the big five tech stocks to turn around amid a seven-week long tech rout.
- The rout, which started mid-February and lasted throughout March, saw the Nasdaq 100 retrace 12% from its Feb.
- Alphabet Inc (NASDAQ: GOOG) and Microsoft Corporation (NASDAQ: MSFT) shares have caught up, however, and all three stocks made new all-time highs on Monday.
- The Daily Chart: The Alphabet, Facebook and Microsoft charts are similar as all three made a new all-time high this week and appear to be consolidating in a bull flag pattern on the four-hour chart.
- The Four-Hour Charts: On all three charts the last six candles form a bull flag, which is a very bullish trading.
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- Published Apr 7, 2021 2:05 PM GMT