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AEROFLOT Stock Analysis

13.11.2019

Market Review

Aeroflot shares exited the ascending channel, which reached 103.99 support at 28.2% Fibonacci retracement.

The price is moving below SMA 20 while SMA 50 is still a support for the price.

Stochastic is in a downtrend and is approaching the oversold area, which negatively affects the price action and pushes it to test the support level of 103.99.

Expected trend for today: Bearish

Author: admin
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