04.12.2019
Aeroflot shares fell for the fifth consecutive day, exceeding the support levels 103.99–101.25 and approaching the next support level 98.55 at the 61.8% Fibonacci retracement.
The price has moved below the 7-20-50 moving averages, which have become price resistance levels.
Stochastic Oscillator has entered the oversold zone, so we will see an attempt by the price to test the support level 89.55 again as long as the stochastic is within the oversold zone.
Expected trend for today: bearish.
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