Its shares have livened up again, so our chartist looks for clues at this internet of things specialist.
Tern Plc (LSE:TERN)
A core ingredient in time travel stories generally revolves around the hero's inability to arrive at the correct date and time.
Back to the Future provided a great series of films and Dr Who, a continual TV series. Albeit one with currently a rubbish Doctor! We never conceal an inability to be concise with timeframes.
After all, if Dr Who or Marty McFly can't do it, who can? Tern (LSE:TERN) manages to illustrate this quite neatly.
When reviewing Tern last December, we warned of the dangers below 12p as a visit to 7.5p was possible.
The price broke 12p in February yet it was to take until April before it achieved our drop target, thankfully eventually bouncing by double.
Since then, it has done very little other than assure the market it's still trading by going up and down a bit.
We're not going to suspect further price recovery is upon it unless the share manages to close a session above 12.65p or, trades intraday above 13.25p.
Either criteria should prove fairly significant, allegedly launching the price into a region where growth towards an initial 15.75p makes sense.
Longer-term (or the next day), secondary calculates at 20.5p. There is something slightly interesting about the secondary, given the prices history since October last year.
A glass ceiling appears to be lying in wait and we'd be surprised if it failed to promote some hesitation in any rising cycle.
We'd be remiss if we failed to inject some misery into our thinking. Below red, presently around 8p, would be alarming as it permits reversal to a new bottom of 4p.
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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