Aeroflot Stock Analysis 12.12.2018

Aeroflot continues to trade within the descending channel on a bearish path. The stock is currently trading at the support level 102.34.

The price is moving below the moving averages 7-20 and around the SMA 50, so if the price breaks the support level, the averages will constitute a negative pressure on the price and will push it to test the new support at 95.72

Stochastic in the oversold area increases the negative pressure on the price

The wedge between support 90.40 and resistance 111.00

Support and resistance:

Support: 102.34-95.72-90.4.

Resistance: 107.00-111.00-115.35