What Happened To $CNVRG?
![](https://gandakohtrading.com/wp-content/uploads/2023/05/image-43-1.png)
How the mighty has fallen.
![](https://blogs.tradersdenph.com/wp-content/uploads/2023/05/cnvrg_2023-05-06_22-30-52-1024x631.png)
sa loob ng isang taon ay bumagsak ito ng over 60 percent.
To be honest with you ay nagulat ako na 11 pesos na lang ito ngayon kasi last time I looked at this stock ay nasa 16 pesos pa ito.
December last year ito pumasok sa watchlist ko but di ko natrade kasi mataas na masyado ang risk.
![](https://blogs.tradersdenph.com/wp-content/uploads/2023/05/cnvrg_2023-05-06_22-35-29-1024x575.png)
I missed out on 12 percent plus gain dahil sa proper risk management.
![](https://blogs.tradersdenph.com/wp-content/uploads/2023/05/cnvrg_2023-05-06_22-36-13-1024x575.png)
What happened ka CNVRG?
![](https://blogs.tradersdenph.com/wp-content/uploads/2023/05/cnvrg_2023-05-06_22-39-42-1024x575.png)
Wala pang buy signal as per BABY 2.0 Strategy but there is something interesting going on sa kanya when I plotted RSI.
![](https://blogs.tradersdenph.com/wp-content/uploads/2023/05/cnvrg_2023-05-06_22-40-50-1024x575.png)
Paakyat na RSI nito mula sa oversold area so if magtuloy pa sa pag akyat ito and gumawa ng ilang green candles ay magkakaroon na din ng buy signal sa BABY 2.0 Strategy ito.
Isang 30 percent gain na trade at isang 25 percent gain na trade ang binigay nito sa BABY 2.0 Strategy users noon.
![](https://blogs.tradersdenph.com/wp-content/uploads/2023/05/cnvrg_2023-05-06_22-43-08-1024x575.png)
As for now ay wala pang buy signal kaya observe muna kung ano mangyayare sa kanya.
Pinupush ng mga naghahype dito ang agenda na babalik siya sa index bilang pamalit kay MPI.
I dont trade based on hype, rumor or news so I will wait if magpakita ng buy signal ito.
The only way na maiipit ang isang trader sa stock na ito ay kung wala siyang trading system or strategy.
If trader ka na may maayos na trading system ay hindi ka maiipit kay CNVRG.
Stressful makitang lumalaki ang losses mo as the price go down.
Panay abang mo sa bagong balita at post patungkol kay CNVRG hoping na may some good news na dumating para umangat ang price.
Here are some other interesting blogs for you to read while nandito ka sa blogsite ko.
(https://gandakohtrading.com/2-million-pesos-plus-gain-in-one-week/)
(https://gandakohtrading.com/mrc-cup-and-handle-pattern/)
(https://gandakohtrading.com/anyare-kay-pha-at-phr/)
(https://gandakohtrading.com/bollinger-band-explosion/)
(https://gandakohtrading.com/1-5-million-pesos-in-may-locked-in-plus-1-4-million-pesos-unrealized/)
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