Tern stock (LSE:TERN) is not an attractive market at all. In fact,
it is a frustrating market as the recent price action shows.
Apart from the bearish movement that happened in January 2016, the
price has remained trendless, directionless, choppy and irrational since then.
The market simply revolves around the EMA 21. The Williams’ % Range period 20
is a kind of going towards the overbought region.
It is better to stay away from TERN right now, being a frustrating
market. However, there is going to be a breakout very soon, which would most
probably be to the upside, as suggested by what the Williams’ % Range period 20
is showing.
So we could keep our fingers crossed until there is a predictable
directional movement.
This forecast is ended by the quote below:
“Markets can go sideways for a very long time.
Lengthening out the time scale is also good for your ego – time has a wonderful
way of showing how irrelevant you actually are in the grand scheme of things.
This alone should prompt an existential crisis among some who believe that
their every move is important to the market.” - Chris Tate
Azeez Mustapha
Market Analyst, Trading Signals Provider and Coach
What Super Traders
Don’t Want You To Know: Super Traders
Buy and sell Neteller here; get funded quickly: www.ituglobalfx.com.ng
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