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Aeroflot Analysis 20.03.2019

20.03.2019

Market Review

Aeroflot is moving below the 50 SMA which is pushing it to test the 99.49 support level at which the averages are at 7-20.

As the price tried to test it several times during the current week and could not break it as the 20 moving currency is strong support for the price at this level.

Stochastic is in a bearish direction in reference to a weak track and is approaching the oversold area.

The trading range between support 95.15 and resistance 102.58.

The general trend of the movement is bearish.

Author: admin
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