Tern Plc price: Oh no! Why is TERN doing this?

Share On Facebook
share on Linkedin
Print

Tern Plc stock (LSE:) stock (LSE:TERN) is a bear market. Buyers have constantly been whipsawed, while price remains treacherously downwards.

TERN is currently trending below the EMA 21, while the William’s % Range period 20 is not far from the oversold territory.

The market is very weak and we will continue to witness whipsaws to the upside, in what could adeptly be called transitorily fake rallies. In this kind of bearish trend, rallies would make new sellers enter at better rates and drive the trend further southwards.

Why is this market doing this? It is doing this because the major outlook is bearish and the demand zones at 9.00, 8.00 and 7.00 will definitely be tested before the end of this year.

Teach Yourself Technical Analysis: Technical analysis

CLICK HERE TO REGISTER FOR FREE ON ADVFN, the world's leading stocks and shares information website, provides the private investor with all the latest high-tech trading tools and includes live price data streaming, stock quotes and the option to access 'Level 2' data on all of the world's key exchanges (LSE, NYSE, NASDAQ, Euronext etc).

This area of the ADVFN.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ADVFN Plc. ADVFN Plc does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ADVFN.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ADVFN.COM and is not intended to be relied upon by users in making (or refraining from making) any investment decisions. Authors may or may not have positions in stocks that they are discussing but it should be considered very likely that their opinions are aligned with their trading and that they hold positions in companies, forex, commodities and other instruments they discuss.

Leave A Reply

 
Do you want to write for our Newspaper? Get in touch: newspaper@advfn.com

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V: D:20221128 09:12:01