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SBER Bank stock analysis


 
The Sber Bank share is moving within an ascending channel that appears in our chart, where we notice the current movement or a correction of the bullish path.
The current price movement occurs between the 202.40 support level and the resistance level 210.20.

While the main targets will be at the support level 196.00 and the resistance level 210.20 where the moving averages are located (50 at the support level and the moving average 20 near the resistance level).

The stochastic index presses the price to rise after exiting the oversold zone in an upward path. Thus, it will increase the pressure on the price to try to test the resistance and return to the bullish track again.
The general direction of the movement: upward path
 

Author: admin
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