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. 16 all-time high.
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.