Trends and Targets for 12-10-2018

#TERN plc #Brent #SP500 Our ‘#FTSE for FRIDAY‘ guru, currently milking his bout of leukaemia in a Scottish hospital, remains unavailable. However, we’re still able to use our software, suspecting the market has potentially shown itself as bottoming. As a result, we’re looking for upward indications on the FTSE.

If, on Friday, the index stumbles above 7091 points, recovery to an initially tame 7121 makes sense. If bettered, secondary is at 7178 points. Stop can be at 7032 points.

 

However, we’ve been emailed about TERN and admit the share exhibits some interesting potentials.

The immediate cycle calculates with ultimate bottom of 7.75p. It also offers the opinion the price dare not close below 7.5p as all future targets come decorated with minus sign prefix’s. In plain English, the suggestion is for a bounce anytime now. Any rebound taking the share price above just 17p should prove capable of an initial 24.5p. The visuals hint at a stutter as such a level.

But with closure above 24.5p, we’re calculating a strong secondary of 38p before we require to recalculate the future..

 

All joking aside, thanks for the emails regarding the boss. His incurable illness repeats every 5 years or so. Then he lives in a quarantine bubble, surrounded by his computers, until his immune system grows back. Then he cuts down trees, mows the lawn, presses wild flowers, and bitches about the weather!

 

FUTURES

Time Issued

Market

Price At Issue

Short Entry

Fast Exit

Slow Exit

Stop

Long Entry

Fast Exit

Slow Exit

Stop

Prior

6:07:23PM

US500

2760

2735

2714.5

2639

2794

2798

2816

2842

2740

‘cess

6:18:59PM

GOLD

1221

Success

7:20:01PM

DOW

25346

‘cess

7:28:31PM

FTSE

6998

‘cess

8:01:13PM

FRANCE

5071

Success

8:05:09PM

GERMANY

11479

‘cess

8:16:41PM

NASDAQ

6960

Success

8:20:17PM

BRENT

80.13

79.73

79.07

78.17

81.25

81.96

82.39

82.77

81.25

Success

8:24:15PM

JAPAN

22562