Home About the company Daily reviews AEROFLOT Stock Analysis 05.02.2020

AEROFLOT Stock Analysis 05.02.2020

05.02.2020

Market Review

Aeroflot shares returned to rise after testing the support level with the opening of trading this week. The bearish movement stopped at the support 107.36, where the moving average 50 is.

Price action above the 20-50 MAs which form strong support levels for the price.

The stochastic oscillator has exited the oversold zone on an upward path thus adding to pressure on the price to rise and testing the resistance 112.83.

The general trend of the movement: bullish.

Author: admin
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