13.01.2020
SBER Bank share continues to rise after it managed to break through the resistance 225.80 and reached the next target 264.00. To continue the bullish path for Spur Bank.
Keeping the price above 255.80 is a prerequisite for the continuation of the bullish price action. While breaching this level will lead the price to the corrective decline towards 250.46.
Price action above the moving averages that move in an upward order under the price and constitute a positive price pressure factor.
The stochastic oscillator is moving sideways near the buy area and gives an indication of a decrease, thus we will see the price test the support level at 255.80.
The general direction of the movement: bullish.
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