Trends and Targets for 18/12/2018

Tern #Gold #US500 It has been a few months since we last reviewed #Tern (link here). Similar to UK Govt efforts, despite quite a lot of kicking and screaming, nothing has happened. Instead, the share price seems trapped in a series of pretend movements. However…

There are early (and faint) indications this hiatus is about to change!

Our downtrend calculations point out BLUE on the chart is presently at 18.227p. With the aplomb of a Xmas miracle, Tern closed the session on Monday at 18.5p, thus marginally above the immediate downtrend. Obviously, this cannot ever be taken as a certainty of a rise but it does give some hope for the fairly near term. Only if we now see it trading above 20.7p dare we point at an initial target of 23p. If exceeded, secondary calculates at a longer term 28p, perhaps even 29p if fuelled by positive news.

 

As always with shares, there’s a flop side. In the case of Tern, it appears quite distant as the share price will require below 12p to now give alarm, along with the threat of 7.5p.

For now, we’re mildly optimistic as this does not require much work to get it airborne.

Chart goes here

FUTURES

Time Issued

Market

Price At Issue

Short Entry

Fast Exit

Slow Exit

Stop

Long Entry

Fast Exit

Slow Exit

Stop

Prior

9:57:03PM

BRENT

58.73

‘cess

9:58:31PM

GOLD

1246.08

1237

1234.5

1230

1244

1247

1249.31

1254.78

1240

Success

10:03:01PM

FTSE

6749.71

Success

10:10:08PM

FRANCE

4775.8

‘cess

10:12:01PM

GERMANY

10749

Shambles

10:24:43PM

US500

2552.26

2528

2507

2439

2630

2565

2576.25

2583

2547

Success

10:26:39PM

DOW

23687

Success

10:29:11PM

NASDAQ

6466

Success

10:31:09PM

JAPAN

21165

Shambles

17/12/2018 FTSE Closed at 6773 points. Change of -1.05%. Total value traded through LSE was: £ 6,581,217,772 a change of 14.58%
14/12/2018 FTSE Closed at 6845 points. Change of -0.47%. Total value traded through LSE was: £ 5,743,743,657 a change of -6.27%
13/12/2018 FTSE Closed at 6877 points. Change of -0.04%. Total value traded through LSE was: £ 6,127,869,664 a change of -22.92%
12/12/2018 FTSE Closed at 6880 points. Change of 1.09%. Total value traded through LSE was: £ 7,949,668,067 a change of 8.64%
11/12/2018 FTSE Closed at 6806 points. Change of 1.26%. Total value traded through LSE was: £ 7,317,378,636 a change of -1.09%
10/12/2018 FTSE Closed at 6721 points. Change of -0.84%. Total value traded through LSE was: £ 7,398,221,418 a change of 1.03%
7/12/2018 FTSE Closed at 6778 points. Change of -100%. Total value traded through LSE was: £ 7,323,127,201 a change of 0%

 

One Reply to “Trends and Targets for 18/12/2018”

Leave a Reply

Your e-mail address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.