META PLATFORMS INC (META.O)

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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, select commodities, cryptocurrencies and global equity indices. Below chart, Meta Platforms, Inc. is from the breakouts sections of the weekly report. It is featuring a possible ascending triangle breakout to all-time highs.

META PLATFORMS INC (META.O)

Meta Platforms, Inc. builds technology that helps people connect and share, find communities, and grow businesses. The Company’s products enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality (VR) and mixed reality (MR) headsets, and wearables. The stock is listed on the Nasdaq Stock Exchange. Price chart formed a 4 month-long ascending triangle with the horizontal boundary acting as strong resistance at 535.00 levels. The horizontal boundary was tested several times over the course of the chart pattern. The daily close above 550.00 levels confirmed the breakout from the 4 month-long ascending triangle with the possible chart pattern price target of 656.00 levels.

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