Sberbank Analysis 09.01.2019

Sberbank stock could not break through the 50-year moving average, which has stopped the bullish movement in the past two weeks

Where the stock is trading around the 50 SMA which is likely to press the price down

In general, trades are within a sideways path between the 182.40 support lines and the resistance at 199.36

The Stochastic is moving in a sideways path, giving signs for the bearish cross and resistance at 191.78

Support and resistance:

Support: 182.40-176.99

Resistance: 191.75-199.36

The trading range between the support at 182.40 and the resistance at 199.40

General direction of the movement: the path of Danby closer to the landing