23.12.2020
Sber Bank shares are correcting the bullish path after reaching the resistance level 290.00 previously, where the price fell, breaching several support levels of 271.00, and reaching the next support level 260.00.
The price is moving below the 7-20 moving averages that form resistance levels and pressurize it to the downside, while the 50 average is still moving below the price and forming support.
The current price action takes place between the targets: the support level 250.00 and the resistance level 270.00 over the intermediate period which will be the main targets of the price action.
General direction of movement: uptrend
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