CNVRG.PS PSE
Converge Information & Communications
BUY
Close
16.00
Prev.Close
15.28
Change
+0.7200
Change%
+4.71%
BULLISH HARAMI
Bought at
15.81
Open
15.28
High
16.12
Low
15.24
Close
16.00
Gain%
+1.20%
Signal History
Pattern & Confirmation Chart for the Last 6 Months
Signal Update
Our system’s recommendation today is to BUY. The BULLISH HARAMI pattern finally received a confirmation because the prices crossed above the confirmation level which was at 15.72, and our valid average buying price stands now at 15.81. The previous SHORT signal was issued on 04/11/2024, 4 days ago, when the stock price was 15.96. Since then CNVRG.PS has fallen by -0.94%.
Market Outlook
We may be at a market bottom or at the start of a reaction rally. The bulls have strong evidence on their side and this evidence prompts us to make a bullish bet. Today’s candlestick has a white body and its close is above the confirmation level. The bullish pattern that was previously identified is finally confirmed and a BUY signal is generated. It is probably the right time to be part of this boost and bullish market sentiment. The market is telling you about a possible new profit. Do not miss this chance.
Pattern Description
This pattern consists of a black body and a small white body that is completely inside the range of the black body. If an outline is drawn for the pattern, it looks like a pregnant woman. This is not a coincidence. “Harami” is an old Japanese word for “pregnant”. The black candlestick is “the mother” and the small candlestick is “the baby”. more...
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