Aeroflot analysis 29.06.2020

Aeroflot continued its decline during the past week and reached the main support level 78.33, which is considered one of the important levels to which the price is exposed.

The price continues to move below the moving averages 7-20 level, but it remains moving above the 50 average, which formed the first levels of support for the price and prevented it from falling further.

The stochastic has entered the oversold zone, thus increasing the negative pressure on the price to retest the 78.33 support level.

The stock can be bought at the 78.33 support level, and the targets will be 86.64- 97.96, and a stop loss is below 68.00