Technicals Talk: Converge Information and Communications Technology Solutions, Inc. (CNVRG) – 4 Oct 2023 by AP Securities
Inverse head and shoulder pattern.
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.
Inverse head and shoulder pattern.
The stock has been going up after touching support with moving averages going strongly bullish together with momentum pointing sharply upwards.
Bearish crossover on Stochastics.
After rallying by almost 25%, NOW’s share price met resistance at its 100-D moving average (MA) and is currently consolidating below this level.
Shooting Star pattern.
SCC broke out of its previous consolidation at the 27.60 to 29.20 range formed from May to July and was able to close the gap at
ALI starts to move back up after consolidating.
AP ended strong yesterday to close at 32.10 up by 4.39%.
Multiple bullish candles.
Strong 200EMA trail.
DNL closed last Friday at its 52-week low of 6.07, down by 3.34% for the day. The stock is currently on a
JFC still goes down even with prices touching support.
Despite the current downfall, SCC manages to sustain prices at higher levels.
MONDE starts to consolidate at the highs with moving averages trying to turn
Last week, MER’s share price rose by as much as 5% and reached a new 52-week high at 365.00.
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