Tern Price: TERN Holds Upward, Striving to Stay Above Support at 1

PUBLISHED: 03 Nov 2024 @ 23:53 | Comments (0) | More info about Azeez Mustapha

As time is running by, exchanges in the bargaining arrangements of Tern Plc (LSE:TERN) have been striving to stay above the support of 1, as the stock price holds upward around the trend lines of the moving averages.

The oscillating tools are now shifting to the upside, indicating that an overbought trading scenario might quickly be attained. Long-position movers may run the danger of encountering a barrier at the prior resistance level of two if that is the case. Technically speaking, nevertheless, it is still a good time to purchase at this present trade level of about 1.45 before any likely abrupt spike in price occurs.

Resistance Levels: 2, 2.5, 3
Support Levels: 1, 0.75, 0.5

What are the current trend positions of the TERN Plc stock in relation to the EMAs?
The positioning pictures of the moving averages of the Tern Plc shares show that the market is trying to push out of a downward trend, as the price is striving to stay above the support of 1.

Around the 15-day and 50-day EMA trend lines, smaller, more bullish candlesticks have developed higher than bearish ones. Meanwhile, the larger indication is just above the smaller one. One may observe the stochastic oscillators retaining a sort of northward swerving pattern. This suggests that, as of this investigation, pushing velocities are bearing favorable impact indications.

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