16.11.2018
The share price of Spear Bank rose, supported by moving averages and reached the upper limit of the down channel which has been trading in it since February 27, 2018.
The price is formed double top formation and this may push the price back to support levels.
We have to be attention that breaking the top line of the channel and stability above it may end the bearish trend and push the price to rise towards resistance levels 220
The Stochastic has retreated from the oversold area it had previously reached and is now in a sideways path where the indicator line intersects, limiting the bearish movement.
Support points 198-192-183.
Trading range between support 183 and resistance 204.
The expected general trend: bearish.
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