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MTC Stock Analysis

  

МТС continues the sideways movement above the 322.47 support with the moving averages 20-7, where the sideways path remains the dominant arrow movement.

The average forms 50 support levels as it moves below the price near the support.
We note that the stochastic oscillator continues with the sideways movement and does not give any clear indication of the movement.
Thus, we will continue to favor the sideways trend provided stability above 322.50, as breaching this level is considered an important negative key that will lead the price to try to restore the downside and head towards the initially areas of 301.40.
 
The expected trading range is between 322.47 support and 340.60 resistance
 
Expected trend for today: neutral
 

Author: admin

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