Sberbank Analysis 18.02.2019

Sberbank failed to attempt to breach the 217.78 resistance level again as the price retested the previous resistance level again and failed to breach to bounce back towards the support level 201.86. The 50 MA is a support level near the 200.00 level.

Stochastic is at a negative cross and may be a negative pressure on the price to push it lower. The expected movement between the support is 193.50 and the resistance 225.05.

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 200.00

The general direction of movement: neutral.