16.12.2019
SberBank shares rose and managed to breach the resistance 236.11 and reached the next resistance level at 242.75, where it bounced back after testing it. The price continues to move upward within the upward channel within which it is moving.
The price is moving under the positive effect of the moving averages that are moving below the price in an upward order, pushing it to the top and testing the resistance again.
The stochastic oscillator is within the overbought zone and exiting from this area will press the price to rebound down from the resistance level.
The general direction of the movement: bullish.
Thank you for subscribing to our analytics
You already subscribed
Don't have your language?
