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Thursday, June 22, 2017

Forbidden Technologies to continue its weakness

Forbidden Technologies shares (LSE:FBT) are to continue the weakness apparent in the market. Price has been coming down since January 2107 and that has created a valid bearish outlook on the market.


Price remains under than EMA 21 and in spite of the current consolidation, it is supposed to go further south, continuing the current weakness in the market. The Williams’ % Range period 20 is in the oversold region.

The bias on Forbidden Technologies is bearish and more and more weakness is anticipated this year.


Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

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