PEGA: Bullish Divergence at Support – Is the Downtrend Ending?Pegasystems Inc.BATS:PEGAibraheeemzPEGA has been in a steady downtrend since reaching its October 2025 high near 68. After months of selling pressure, the stock has finally reached a strong long-term support zone, where buyers are beginning to show signs of strength. A bullish divergence has developed on the daily timeframe, indicating that downside momentum is weakening. This was followed by a powerful bullish engulfing candle, suggesting demand has returned at this key support level. The first challenge for the bulls is the 33 resistance level. A decisive breakout above it could trigger a move toward the 37–38 resistance zone. More importantly, a sustained breakout and close above 38 would invalidate the current bearish structure and could mark the beginning of a new long-term uptrend. Key Levels Support / Invalidation: 28 (daily close) Initial Resistance: 33 Upside Target: 37–38 Trend Reversal Confirmation: Sustained breakout above 38 While the long-term trend remains bearish for now, the combination of strong support, bullish divergence, and a bullish engulfing reversal makes PEGA worth giving a try for trading and watching closely. A confirmed breakout could signal the start of a much larger recovery.