$CVRG Look Out This Week $ Converge Global,
Post# of 35484
$CVRG Look Out This Week >>> $
Converge Global, Inc. is a diverse company currently developing Majestic Menu, a division that will feature majesticmenu.com.
This online retail and commecial portal and media platform for gourmet connoisseurs and the hospitality and food service industries will assist in the identification and procurement of products and services from the local, national and international marketplace.
Majestic Menu is currently preparing for its retail test market and will feature current and progressive media and technological strategies. The portal will be a form of online purchasing that can be engaged to enhance or direct traditional retail and commercial distribution.
We've been watching CVRG for the last couple of weeks and there's a lot of buzz circulating about this stock. It is extremely thin, the L2 that is, and has a low NON-diluted 10 million share float. This means the stock is extremely volatile as you can see from the price action that took place on Friday. A breeze can cause this stock to move up - substantially!
On Monday we should see this stock pop through the 200 MA and stay above it. Majestic Menu launch, or test launch news, can break any day - when it does this stock is going through the roof. The news is imminent. It is our opinion that CVRG is going to see substantial volume and large gains this week. The stock is simply too thin and volatile for it to not.
Accumulation/distribution is completely maxed, as you can see on the chart. Everyone that's bought recently is holding - something is about to happen. The MACD turned up friday, the RSI is moving upwards due to increased buying, and the 200 MA is about to be broken.
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