Feedback PLC price analysis: The current bearish momentum on FDBK should hold

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.

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