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Sber Bank Stock Analysis

02.09.2019

Market Review

Sber Bank managed to get out of the bearish channel which was trading at the end of last week's trading.

The price is moving above the 7-20 MAs that form support levels while the 50 MA remains resistance levels.

Stochastic is near the overbought zone on an uptrend near this area and entering it will stimulate the price to rise further.

The expected movement between 210.8 support and 235.96 resistance.

Overall trend: Bearish.

Author: admin
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