MTC Stock Analysis 10.07.2020

МТС shares fell after failing to break through the resistance 340.47, to form a falling price gap under the support of 321.70, and the decline will continue to the next support 312.90. Which temporarily stopped the downward movement.

The price is moving below the moving averages which constitute resistance levels for the price.

While the stochastic is moving in a bearish mister and increases the negative pressure on the price.

The expected trading range is between 301.10 support and 340.50 resistance.

Expected trend for today: bearish.