Tern Plc stock (LSE:) stock (LSE:TERN) is a bear market. Buyers have constantly been whipsawed, while price remains treacherously downwards.
TERN is currently trending below the EMA 21, while the William’s % Range period
20 is not far from the oversold territory.
The market is very weak and we will continue to witness whipsaws to the upside,
in what could adeptly be called transitorily fake rallies. In this kind of
bearish trend, rallies would make new sellers enter at better rates and drive
the trend further southwards.
Why is this market doing this? It is doing this because the major outlook is bearish and the demand zones at 9.00, 8.00 and 7.00 will definitely be tested before the end of this year.
Market Analyst, Trading Signals Provider and Coach
Teach Yourself Technical Analysis: Technical analysis
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