Technicals Talk: Converge Information and Communications Technology Solutions, Inc. (CNVRG) – 8 Mar 2024 by Regina Capital Development Corp.
CNVRG’s 100d MA has finally thrown in the towel.
Technicals Talk reports contain our partner brokers’ technical analyses of select PSE stocks. Technical Analysis relies on trends and price movements and is typically used when doing short-term or day trading.
CNVRG’s 100d MA has finally thrown in the towel.
Ascending triangle pattern.
One of the most actively traded stocks, as of writing, is SMPH.
Inverse head and shoulder pattern breakout.
Despite the drop in AEV’s price, the indicators remain bullish towards the stock.
Previous 50EMA trail resistance became support.
Uptrend Channel.
CNPF managed to reverse its intraday losses as it closed yesterday’s session up by +0.55% at 36.50.
WLCON bounced off its 100-day moving average and support at 21.46 as of writing.
Ascending triangle pattern.
Cup and handle pattern.
MER has performed exceptionally well, rising by almost 5% in yesterday’s trade.
URC already broke past its resistance, ending the trading day at 117.00.
AEV is currently on its 7th straight day of gains, rising to levels not seen since August 2023.
JFC traded in a wide range yesterday, from 263.20 low, to yesterday’s close at 273.80, the high of the day.
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