ADVFN ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for tools Level up your trading with our powerful tools and real-time insights all in one place.

Tern Price: TERN Drops Lower, Sellers Aim to Hold Support Around 0.5

Share On Facebook
share on Linkedin
Print

The stock exchange of Tern Plc (LSE:TERN) has declined toward the 0.5 level, reflecting persistent selling pressure, yet this zone could act as a key support base. Investors should monitor closely for signs of stabilization or further breakdown.

From a broader technical trade outlook, TERN Plc stock’s current slip toward 0.5 support suggests persistent downside pressure, yet resistances are increasingly forming near 0.9 and 1. These key levels may strongly cap upward attempts unless stronger bullish momentum emerges decisively.

Resistance Levels: 0.9, 1.2, 1.5
Support Levels: 0.4, 0.3, 0.2

Will TERN Overcome EMA Resistance While Facing Strong Barriers Near 0.9 and 1?

Logically speaking, TERN faces strong resistance zones near 0.9 and 1, aligning with EMA barriers that reinforce bearish sentiment. Unless buying volume strengthens considerably, upward momentum may stall, leaving price vulnerable to renewed selling pressures and consolidation phases.

Over recent sessions, the 15-day EMA trend line has continued sliding southward beneath the 50-day EMA, confirming sustained bearish momentum. At present, the Stochastic Oscillators have dipped into the oversold region, signaling vulnerability. Without a clear bullish candlestick emerging soon, the market risks entering a prolonged consolidation phase, leaving buyers with limited control in the near term.

Learn from market wizards: Books to take your trading to the next

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 Ltd. ADVFN Ltd 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.

Comments are closed

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