02.03.2020
Sber Bank shares continue to decline, reaching the support level of 231.71, after it opened trading last Friday, on a falling price gap. To come back
The price remains below 242.75, a condition for the continuation of the downward movement.
The price action has become below the moving averages 50-7-20 which constitute price resistance levels and constitute a negative pressure factor for it.
The stochastic oscillator is returning to the overbought territory and moving within a bearish path, therefore we may see more decline for the stock.
The general direction of the movement: Down.
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