Aeroflot stock analysis 13.07.2020

Aeroflot's stock continued the sideways movement during the past week and reached the main support level 78.50, which is 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 oscillator has left the oversold zone and turned back from it, therefore, it will try to press the price to rebound and test the resistance level 86.50.

The stock can be bought at the 78.50 support level, and the targets will be 86.64- 97.96, and a stop loss is below 68.00