Feedback PLC shares (LSE:FDBK) currently have a bearish momentum on them
and this is expected to continue to play out very.
Price has been having a series of upswings and downswings in recent times
and right now, it is below the EMA 21. At the same time, the Williams” % Range
period 20 is sloping into the oversold territory, which means the price is supposed
to continue going further and further downwards.
The price could reach the support level at 0.5, 0.2 and 0.1 before there
is any significant upwards bounce in the market. It is not logical to open a
long trade right now.
Azeez Mustapha
Market Analyst, Trading Signals Provider and Coach
Trading realities: Trading realities
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