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Aeroflot stock analysis

19.03.2021

Maintenance

 

 

Aeroflot continues to move sideways below the support level 71.10 that it breached during the past week, confirming the break of this level, thus starting a bearish path.

Whereas, the price is moving below the averages level 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 in a sideways path, and this coincides with the continuation of the price test of the broken support level and a test of the resistance level.

General path of movement: a side path that tends to descend

Author: GC
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