Why it's crossed fingers time for Tern shares
30th October 2018 09:09
by Alistair Strang from Trends and Targets
This AIM tech specialist has had a volatile share price for some time, with IoT adoption on the rise, are things about to change? Chartist Alistair Strang assesses its soaring potentials.
When we last reviewed Tern back in June, we mentioned the share was calculating with some fairly terrible drop potentials. Despite these being achieved, some hope is taken from our "worst case" 7.5p figure.
The decline halted at 11p eventually and now, once again, Tern is giving some hope for the future.
- AIM's best performers in 2018 so far
- Shares in AIM star Tern should bounce at this price
- Where next for high-flying Tern?
Price movements now exceeding 22p should apparently prove capable of some growth to an initial 28p. If bettered, secondary is 38p and at this level, where the price closes becomes a matter of importance.
Essentially, closure above 36p should achieve the nirvana of a "higher high", once again positioning the share for strong future performance.
For now though, it doesn't stink as the price requires below red (12.5p) to indicate trauma, along with a drop to 10p initially with secondary still 7.5p.
Visually, it's a crossed fingers moment!
Source: Trends and Targets Past performance is not a guide to future performance
Alistair Strang has led high-profile and "top secret" software projects since the late 1970s and won the original John Logie Baird Award for inventors and innovators. After the financial crash, he wanted to know "how it worked" with a view to mimicking existing trading formulas and predicting what was coming next. His results speak for themselves as he continually refines the methodology.
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