Tern Plc (LSE:TERN) continues to face downward pressure, but buyers are slowly rebuilding strength around lower zones. Traders should watch for stabilized candles above minor supports, as improving momentum could invite short-term rebounds while bearish forces still guide the broader market posture.
The stock’s price structure shows it is moving under sustained downward forces, with market participants monitoring how momentum attempts to rebuild across the lower zones. Recent pullbacks have positioned the asset beneath short-term resistance layers, indicating compressed volatility and cautious sentiment. Buyers are gradually resurfacing around discounted regions, but confirmation signals remain limited as the EMA alignments still favor downward bias.
Resistance Levels: 0.75, 1, 1.25
Support Levels: 0.25, 0.20, 0.15
Do Buyers Regain Strength Near Discounted Zones While EMA Alignments Still Indicate Downward Bias?
The market indicates tentative buying interest near discounted regions; however, confirmation remains weak. moving averages indicators alignments continue to signal a downward bias, suggesting that any bullish attempts may face resistance until the trend structure shows clear directional upward reversal signals.
Over the past few months, the 15-day EMA trend line has remained closely beneath the 50-day EMA, indicating persistent bearish pressure. Meanwhile, the Stochastic Oscillators, having swerved south into the oversold region, continue to oscillate, suggesting that a tentative momentum recovery may be occurring in low-volume trading areas.
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