08.01.2020
Aeroflot shares fluctuate around the resistance level 103.99 for the second week in a row as the price moves in a sideways path that tends to fall below the 38.2% Fibonacci retracement.
Price action below the 7-20-50 MAs which constitute a very strong resistance level as it is moving in one level.
The stochastic is giving bearish signals after the intersection between the two lines of the indicator, thus the resistance level will likely hold. And to see more decline.
The general trend of the movement: bearish.
Thank you for subscribing to our analytics
You already subscribed
Don't have your language?
