Aeroflot share analysis 20.07.2020

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 has moved above the moving averages 50--20-20, which constitute the first levels of support for the price and prevent it from falling further.

The stochastic oscillator continues the upward movement after exiting the oversold zone and bounced off it, therefore, it will try to press the price to return to the upside and test the 86.50 resistance level.

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