Friday, May 25, 2018

Forbidden Technologies: SELL

Forbidden Technologies shares (LSE:FBT) are currently weak, at least in the short-term. Price went upwards considerably in March and April 2018, and then began to come down at the end of April, and it is currently ranging.

The ranging action is a very short-term thing, because a “sell” signal has already been generated in the market (since price has moved below the lower Trendline).  The RSI period 14 is below the level 50.

FBT is expected to go further and further southwards this year, reaching the demand zones at 5.00, 4.00 and 3.00 within the next several months.

Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

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