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SberBank Stock Analysis

06.05.2019

Market Review

 

 

Sberbank is up again after last week's drop

The support level stood at 224.79 in front of the price and pushed the rebound upwards towards resistance 238.53

The move is within a bullish path with a positive effect from SMA 50 as it moves below the price and forms support levels while the SMA 20 is a resistance level

The stochastic reached the oversold area and came out of it, indicating that the 238.53 resistance level might be tested again

The expected movement between support 219.12.00 and resistance 247.20

General trend of the movement: upward

Author: admin
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