SBER Bank stock analysis

There is nothing new about the movement of the Sber Bank stock, as the stock continues to move within an ascending channel that appears in the chart, where we notice that the current movement is a correction of the bullish path.

The current price movement is taking place 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 is forming a negative crossover, thus pressuring the price to retest the support before completing the bullish path.

The general direction of the movement: upward path