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Sberbank Trading Analysis (18/08/2023)

18.08.2023

Market Review

The trend is upward. The stock is traded in the range between 365 and 135 ЕМА. The downward wave structure is truncated. The sloping channel of the inner downward structure is breached. The Stochastic Oscillator signals the oversold state.

Sberbank Price Chart as of 18/08/2023 with technical indicators

Trading idea:

Buy at the breach of 258.38.

Stop-Loss: 253.80

Target price levels: 263.53, 271.00.


#sberbank #sberbankrossii #stock #forextrading #tradersroom #daytradingpatterns #forexexpertadvisor

Author: GC
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