Tern for 16/10/2019

#DOW #FRANCE Tern is proving a bit of a puzzle. For the last few weeks, we’ve been anticipating it finding an excuse to bottom just above the 4p level. We’re starting to wonder if it’s a Brexit inspired share, something which promises to do something which never actually happens.

Thus far, the lowest achieved has been 7.65p and weakness below such a level remains pointing at 4p but we’re having some doubts.

The reason for our hesitation comes from the plethora of coloured lines on the chart. There appears little doubt TERN share price is simply ignoring prior downtrends with the result something else must be driving the current period of hiatus and we’d guess it isn’t chatroom gossip! Instead, it would be reasonable to assume the market is patiently waiting for some sort of news, perhaps an indication “The Internet of Things” is actually becoming a “thing”. Or perhaps one of their investments is expected to come to fruition.

In the meantime, we’ll remain cautious, looking carefully at the glass ceiling which has formed at 13.25p. Only movement above such a level is liable to make us raise an eyebrow as this should trigger recovery to an initial 18p. If exceeded on any initial surge, secondary calculates at 20p and visually yet another glass ceiling awaits any rising cycle. Only with closure beyond such a level will we enthusiastically proclaim the potentials of 33p in the future.

At present, it’s worth remembering of the dangers below 7.65p and perhaps simple remembering patience.

FUTURES

Time Issued

Market

Price At Issue

Short Entry

Fast Exit

Slow Exit

Stop

Long Entry

Fast Exit

Slow Exit

Stop

Prior

10:46:14PM

BRENT

58.78

               

‘cess

10:48:09PM

GOLD

1481.72

               

Shambles

10:50:49PM

FTSE

7205.25

               

‘cess

10:52:49PM

FRANCE

5705

5658

5633.5

5603

5695

5717

5723.5

5771

5664

Success

10:56:31PM

GERMANY

12642

               

Success

10:59:47PM

US500

2997.72

               

Success

11:01:55PM

DOW

27047.3

26802

26759.5

26637

26943

27107

27135.5

27201

27010

‘cess

11:04:23PM

NASDAQ

7947.75

               

Success

11:09:01PM

JAPAN

22510

               

Success

15/10/2019 FTSE Closed at 7211 points. Change of -0.03%. Total value traded through LSE was: £ 7,505,649,682 a change of 32.93%

14/10/2019 FTSE Closed at 7213 points. Change of -0.47%. Total value traded through LSE was: £ 5,646,210,010 a change of -31.78%

11/10/2019 FTSE Closed at 7247 points. Change of 0.85%. Total value traded through LSE was: £ 8,276,859,342 a change of 51.67%

10/10/2019 FTSE Closed at 7186 points. Change of 0.28%. Total value traded through LSE was: £ 5,457,100,667 a change of 4.75%

9/10/2019 FTSE Closed at 7166 points. Change of 0.32%. Total value traded through LSE was: £ 5,209,605,060 a change of -0.79%

8/10/2019 FTSE Closed at 7143 points. Change of -0.75%. Total value traded through LSE was: £ 5,250,871,756 a change of -5.63%

7/10/2019 FTSE Closed at 7197 points. Change of 0.59%. Total value traded through LSE was: £ 5,564,169,791 a change of 8.23%

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