Here is our updated view on CNVRG.
CNVRG dropped by -4.17% last week.
CNVRG continues to consolidate between P15.80 to P17.50.
The -6.14% drop though last Tuesday is showing some signs of weakness.
Here is what we suggest on CNVRG.
Since CNVRG is a median term play, we do not suggest selling just yet. We are eyeing to sell on the next run.
If you have CNVRG, just hold and add more on dips. Buy in tranches all the way down to P14.
If you do not have CNVRG, start buying in tranches all the way down to P14.
Accumulate as much volume as you can during the dips so you can get a good average and a better potential upside.