Sberbank Analysis 11.02.2019

Sberbank failed to breach the resistance level at 217.78 as the price tested the previous resistance level several times and failed to breach to bounce back towards the support level 211.05 and succeed in breaking it

The moving average 20 stopped the price fall as price support formed while SMA 50 is the second support level near the 193.85 level

Stochastic is a very low form where negative pressure on the price and push it to the downside and approaching the entry into the saturation area of selling, therefore, increase the negative pressure on the price

The expected movement between support is 205.38 and resistance is 230.18

In general, we will keep the overall trend bullish and consider the previous movement is a correction movement of the ascending path but provided that the trading remains above the level of 205.38

The general direction of movement: neutral