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%