Aeroflot Analysis 30.01.2019

Aeroflot continues to be sideways for the second week as it has been trading in a tight range since this week's trading

The price is moving below the moving average 7 that is pushing it towards the 104.41 support level. The SMA 50 represents strong price support at the mentioned level.

Stochastic is continuing to provide negative signals and is heading towards the oversold area and if it is able to enter this area we will see declines in the price and break the support level 104.41

The trading range between the support at 100.65 and the resistance at 109.50.

Support and resistance:

Support: 104.41-100.65-95.62

Resistance: 109.50-114.29

The general trend of the movement is bearish