Sberbank Analysis 14.01.2019

Sberbank fell slightly in last week's trading session in a correction to the bullish movement that started two weeks ago

The bullish trend is likely to continue, supported by the moving averages 7-50 who are heading to the positive cross, near the Fibonacci retracement of 23.6% at 193.85

The Stochastic is moving sideways in the overbought area, supporting the upside move, but it should be noted that in the event of any cross between the two lines of the indicator leaving the region may lead to a correction in the price movement towards the support levels 191.36

The trading range between support 181.07 and resistance 202.00

The general trend of the movement is bullish