#CAC40 #Japan When we last reviewed venture capitalists, #Tern, in October, we projected a bottom of 4p. The entire world had to catch a cold before it finally dipped to target and the bounce has been fairly impressive. Once Covid-19 clears up, it will be interesting to see how Venture Capitalists are in demand, given the number of companies who’ve run low, often critically low, on financial reserves.
On the basis Tern are about to find themselves able to cherry pick opportunities, we’ve looked for a trigger level with the intention of identifying the point at which the share price recovery becomes “safe”. It’s worth remembering the word “safe” has no business in a discussion about share prices!
It appears the 15p level shall prove important for the future as this calculates as a point capable of triggering some fairly strong upward travel. To cut to the chase, above 15p should prove capable of an attempt at 19.7p next and some hesitation, if only due to the historical glass ceiling awaiting. Above 19.7p and the future becomes quite useful with a secondary calculation of 25p (and beyond) awaiting in the distance.
What’s a little odd about Tern has been its ‘failure to launch’, despite repeated attempts since its thrashing in 2018. For this reason, we elected to emplace a trigger level at a point above which movement becomes difficult to rescind.
Finally, if we dwell on danger levels, below 9.5p looks especially troubling, apparently capable of provoking reversal to 4.75p.
For now, the share looks almost ready to fly and thus, similar to the major airlines, it’s fingers crossed time.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 9:49:57PM | BRENT | 39.34 | ‘cess | ||||||||
| 9:52:19PM | GOLD | 1699.68 | Success | ||||||||
| 9:55:24PM | FTSE | 6386.74 | Success | ||||||||
| 9:57:35PM | FRANCE | 5031.7 | 4906 | 4879 | 4823 | 4964 | 5047 | 5118.75 | 5251 | 4906 | Success |
| 10:05:25PM | GERMANY | 12519 | Success | ||||||||
| 10:08:01PM | US500 | 3120 | Success | ||||||||
| 10:18:56PM | DOW | 26274.7 | Success | ||||||||
| 10:21:50PM | NASDAQ | 9694.5 | ‘cess | ||||||||
| 10:23:19PM | JAPAN | 22902 | 22463 | 22386 | 22196 | 22669 | 22956 | 22991.5 | 23067 | 22762 | ‘cess |
3/06/2020 FTSE Closed at 6382 points. Change of 2.6%. Total value traded through LSE was: £ 6,595,529,231 a change of 1.59%
2/06/2020 FTSE Closed at 6220 points. Change of 0.88%. Total value traded through LSE was: £ 6,492,491,444 a change of 37.82%
1/06/2020 FTSE Closed at 6166 points. Change of 1.48%. Total value traded through LSE was: £ 4,710,780,672 a change of -60.33%
29/05/2020 FTSE Closed at 6076 points. Change of -2.28%. Total value traded through LSE was: £ 11,874,374,361 a change of 71.67%
28/05/2020 FTSE Closed at 6218 points. Change of 1.2%. Total value traded through LSE was: £ 6,916,892,220 a change of -17.92%
27/05/2020 FTSE Closed at 6144 points. Change of 1.27%. Total value traded through LSE was: £ 8,427,394,585 a change of 29.04%
26/05/2020 FTSE Closed at 6067 points. Change of -100%. Total value traded through LSE was: £ 6,530,822,409 a change of 0%