Sberbank Analysis 03.12.2018

Sberbank stock is trading within the triangle which shows in the chart and we are waiting to break through one triangle to confirm the trend.

The price is trading at the support level of 193.15 below the moving average 20 and at the level of the Moving averages of 7-50 therefore we wait for the price movement for the next session to determine the trend.

The stochastic indicator gives a bullish cross signal that may reverse the price and push it towards the resistance level of 203.8.

Trading range within the triangle between 186.1 and resistance is 203.8.

Support and resistance:

Support: 193.15-186.1-179.2;

Resistance: 206.7-215.05.