{"id":326735,"date":"2024-02-14T06:49:00","date_gmt":"2024-02-13T22:49:00","guid":{"rendered":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/?p=326735"},"modified":"2024-02-14T09:06:54","modified_gmt":"2024-02-14T01:06:54","slug":"technicals-talk-converge-information-and-communications-technology-solutions-inc-cnvrg-14-feb-2024-by-regina-capital-development-corp","status":"publish","type":"post","link":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/technicals-talk-converge-information-and-communications-technology-solutions-inc-cnvrg-14-feb-2024-by-regina-capital-development-corp\/","title":{"rendered":"Technicals Talk: Converge Information and Communications Technology Solutions, Inc. (CNVRG) – 14 Feb 2024 by Regina Capital Development Corp."},"content":{"rendered":"
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\"\"<\/figure><\/div>\n\n\n
<\/div>\n\n\n\n

Summary of Technical Analysis<\/h2>\n\n\n\n
Stock Code<\/strong><\/td>CNVRG<\/td><\/tr>
Company Name<\/strong><\/td>Converge Information and Communications Technology Solutions, Inc.<\/td><\/tr>
Broker<\/strong><\/td>Regina Capital Development Corp.<\/td><\/tr>
Opinion Issued on<\/strong><\/td>14 Feb 2024<\/td><\/tr>
Price Support<\/strong><\/td>PHP 9.50<\/td><\/tr>
Price Resistance<\/strong><\/td>PHP 10.25<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
<\/div>\n\n\n\n

CNVRG has finally broken the double digit resistance as shares are now trading at levels last seen four months ago. <\/p>\n\n\n\n

MACD histograms show there is a steady momentum of increasing buying pressure for CNVRG, while RSI levels are nearing the overbought region. <\/p>\n\n\n\n

If CNVRG is unable to hold a support at the 10.00 mark, investors should take the opportunity to take profits now. <\/p>\n\n\n\n

<\/div>\n\n\n\n

Our Partner Broker’s Recommendation<\/h2>\n\n\n\n

Sell on rallies.<\/p>\n\n\n\n

Weekly target: 9.56.<\/p>\n\n\n\n

Support: 9.50.<\/p>\n\n\n\n

Resistance: 10.25.<\/p>\n\n\n\n

<\/div>\n\n\n\n

This report is prepared by PinoyInvestor\u2019s partner broker below. Find out more about our partner brokers<\/a> and sign up to avail their complete trading brokerage services.<\/em><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

CNVRG has finally broken the double digit resistance as shares are now trading at levels last seen four months ago. <\/p>\n","protected":false},"author":12,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[],"class_list":["post-326735","post","type-post","status-publish","format-standard","hentry","category-technicals-talk","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-33"],"_links":{"self":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/326735","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/comments?post=326735"}],"version-history":[{"count":1,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/326735\/revisions"}],"predecessor-version":[{"id":326738,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/326735\/revisions\/326738"}],"wp:attachment":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/media?parent=326735"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/categories?post=326735"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/tags?post=326735"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}