TERN PLC for 11/07/2019

#DAX #NK225 A core ingredient in time travel stories generally revolves around the hero’s inability to arrive at the correct date and time. Back To The Future provided a great series of films and Dr Who, a continual TV series. Albeit one with currently a rubbish Doctor! We never conceal an inability to be concise with timeframes. After all, if Dr Who or Marty McFly can’t do it, who can? TERN manages to illustrate this quite neatly.

When reviewing Tern last December, (link here) we warned of the dangers below 12p as a visit to 7.5p was possible. The price broke 12p in February yet it was to take until April before it achieved our drop target, thankfully eventually bouncing by double. Since then, it has done very little other than assure the market it’s still trading by going up and down a bit. We’re not going to suspect further price recovery is upon it unless the share manages close a session above 12.65p or, trades intraday above 13.25p.

Either criteria should prove fairly significant, allegedly launching the price into a region where growth toward an initial 15.75p makes sense. Longer term (or the next day), secondary calculates at 20.5p. There is something slightly interesting about the secondary, given the prices history since October last year. A glass ceiling appears to be lying in wait and we’d be surprised if it failed to promote some hesitation in any rising cycle.

We’d be remiss if we failed to inject some misery into our thinking. Below RED, presently around 8p, would be alarming as it permits reversal to a new bottom of 4p.

FUTURES

Time Issued

Market

Price At Issue

Short Entry

Fast Exit

Slow Exit

Stop

Long Entry

Fast Exit

Slow Exit

Stop

Prior

9:48:37PM

BRENT

66.47

               

Success

9:50:26PM

GOLD

1418.19

               

Success

9:52:20PM

FTSE

7545.24

               

9:59:24PM

FRANCE

5575.5

               

‘cess

10:01:19PM

GERMANY

12383

12353

12327

12286

12434

12459

12498.5

12547

12386

‘cess

10:03:41PM

US500

2992.77

               

Success

10:06:27PM

DOW

26861.5

               

Success

10:09:07PM

NASDAQ

7902.24

               

Success

10:10:36PM

JAPAN

21542

21481

21430

21362

21579

21636

21665

21733

21500

Success

10/07/2019 FTSE Closed at 7530 points. Change of -0.08%. Total value traded through LSE was: £ 4,865,997,010 a change of 0.89%

One Reply to “TERN PLC for 11/07/2019”

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Your e-mail address will not be published.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.