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Sberbank Stock Analysis

13.05.2019

Market Review

Sberbank fell at the end of last week to close trading near support. 

The support level stood at 224.79 in front of the price and prevented it from falling further 

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 

Stochastic reached the oversold area and came out of it, indicating a continuation of the correction towards the lower limit of the ascending channel in which the price moves. 

The expected movement between support 219.12.00 and resistance 247.20 

General trend of the movement: upward 

Author: admin
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