At the outset, trading positions revealed investor profit-taking in Tern Plc (LSE:TERN), driving the stock downward into a lower bargaining zone between July and September; however, this very process has complemented the market by establishing a steady base pattern, potentially supporting future recovery momentum.
The consolidation of the stock market into a lower bargaining zone between July and September has reflected an accumulation phase favored by patient capitalists, with the steady base formation laying groundwork for sustainable long-term appreciation, as strategic investors begin positioning ahead of potential rallying forces once recovery momentum accelerates.
Resistance Levels: 1.25, 1.5, 1.75
Support Levels: 0.5, 0.3, 0.1
Could Tern Plc Sustain Buyer-Driven Base Formation Despite Its Prevailing Selling Trend Across Market Sessions?
The Tern Plc’s selling pressure remains evident, yet the gradual buyer-driven base formation indicates resilient accumulation, suggesting cautious optimism toward eventual stabilization and possible recovery momentum.
The 15-day EMA trend line is currently positioned beneath the 50-day EMA trend line, and both remain downward sloping, signaling that one trade line stands as the crucial barrier preventing a decisive upside move. Meanwhile, the stochastic oscillators are gradually striving to reestablish their pathway toward the appreciation side, hovering firmly around the 60 level in renewed momentum.
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