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Aeroflot share analysis

26.02.2020

Market Review

The Aeroflot share continues to slide after the 113.08 support broke and the stability below it. The bearish movement stopped at the support 110.10, where the EMA50 is near the 50% Fibonacci retracement.

The price action between the 20 MAs from the top and the 50's from below which form strong price support and resistance levels. It should be noted that trading remains above the 50 average condition for the continuation of the bullish path

The stochastic oscillator is heading towards oversold territory on a bearish track, indicating the continuation of the bearish track and the price's start with the downward correction of the upward movement.

The general trend of movement: a descending path on an intraday basis.

Author: admin
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