SberBank Stock analysis 20.01.2020

SberBank continues to rise after it managed to break through the 260.60 resistance. 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 the continuation of the bullish move, therefore we will see attempts from the price to achieve new levels.

The general direction of the movement: bullish.