07.10.2019
Sber Bank had broken the support level 224.64 at 50% Fibonacci retracement. And closed underneath. Having managed to breach the 50 MA also.
The price is moving downtrend after it failed previously to break the resistance of 235.96.
The price moves below the 20-50-7 moving averages which forms price resistance levels.
Stochastic is moving within a bearish path and is able to enter the oversold area, which will press the price down and hold the resistance level.
Expected movement between 210.8 support and 244.06 resistance.
Overall trend: Bearish.
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