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Aeroflot analysis

29.01.2021

Market Review

Aeroflot broke the support level 71.10 and settled below it during the past two days, which confirms the break of this level, thus starting a bearish path.

The price is moving below the average level of 20-50 after it managed to breach it this week, which is moving near the support level of 71.10 and pressures the price to continue the decline.

The stochastic oscillator is moving within the oversold zone, which indicates a continuation of the bearish path as long as the price is below 71.12 and the stochastic oscillator is within this area.

General path of movement: a sideways path that tends to decrease

Author: GC
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