Tern Price: TERN Waxes Higher, Wallowing Beneath 1.6 Overhead Barriers

PUBLISHED: 17 Apr 2025 @ 19:04 | Comments (0) | More info about Azeez Mustapha

Mentally, it has appeared that a descending pathway has been set up to materialize in the exchange operations of Tern Plc (LSE:TERN) since the last November sessions while the price averaged the resistance line of 2, given that price now observed waxing higher to keep beneath 1.6 overhead barriers.

To establish a balanced trade configuration, the 1.2 level has consistently acted as a strong support baseline, serving as the primary zone for recovery-driven price action. Conversely, the 1.8 level remains a significant resistance point, repeatedly capping upward momentum. Crucially, the directional posture of key oscillators will play a pivotal role in validating renewed entry signals—particularly when they pivot northward from oversold conditions, indicating a potential resurgence in bullish sentiment.

Resistance Levels: 1.6, 1.7, 1.8
Support Levels: 1.2, 1.1, 1

What technical setup could signal a sustained bearish outlook for TERN Plc as it trades marginally above key EMAs?

A notable bearish candlestick is required to form across the moving averages to foster the potential signal note to witness a resumption of declines in the valuation of Tern Plc shares offering company, as the market waxes higher, wallowing beneath 1.6 overhead barriers.

The 15-day EMA is exhibiting a minor downward crossover attempt while remaining slightly above the 50-day EMA, with both moving averages currently aligned within the 1.4 to 1.2 price range. The stochastic oscillator is adopting a southbound trajectory, despite the formation of a bullish candlestick emerging from a broader support base. Given these price dynamics, the 1.6 level remains a critical resistance threshold that TERN Plc shareholders must decisively breach to validate a sustained bullish continuation pattern over the longer term.

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