ASCENDING TRIANGLE – MOTOROLA SOLUTIONS

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Every week Tech Charts Global Equity Markets report features some of the well-defined, mature classical chart patterns under a lengthy watchlist and the chart pattern breakout signals that took place during that week. Global Equity Markets report covers single stocks from developed, emerging and frontier markets, ETF’s and global equity indices. The report starts with a review section that highlights the important chart developments on global equity benchmarks. This blog post features from the watchlist section Motorola Solutions, Inc. on the New York Stock Exchange.

MOTOROLA SOLUTIONS INC (MSI)

Motorola Solutions, Inc. provides communications and analytics solutions. The Company offers communications, command center software and video security and analytics, supported by managed and support services. The stock is listed on the New York Stock Exchange. Price chart formed a 2 month-long ascending triangle with the horizontal boundary acting as strong resistance at 175.30 levels. The horizontal boundary was tested several times over the course of the chart pattern. A daily close above 178.80 levels will confirm the breakout from the 2 month-long ascending triangle with the possible chart pattern price target of 191.40 levels. Data as of Jan 28, 2021, EST 10:15

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