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Sber Bank Stock Analysis

19.08.2019

Market Review

SBER Bank continues its downtrend after exiting the ascending channel within which it was moving.

The price managed to hold below the 20-50-7 moving averages.

They move above the price and form resistance levels.

The stochastic indicator near the oversold area in a side path near this area and gives a signal to return to it in reference to the continuation of the bearish path.

The expected movement between 210.8 support and 235.96 resistance.

Overall trend: Bearish.

Author: admin
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