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AEROFLOT Stock Analysis

27.11.2019

Market Review

Aeroflot continues the sideways movement between the support level of 103.99 and the resistance level of 107.36.

Around 7-20 moving averages that the price fluctuates around up and down.

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

Stochastic is on an uptrend and is approaching the overbought area which positively affects the price action and pushes it to test 107.36 resistance level.

Expected trend for today: Bullish.

Author: admin
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