Aeroflot share analysis

Aeroflot managed to rise and breached the 86.50 resistance level, signaling the end of the sideways movement. Which was trading within it during the last week, where he tested the key support level 78.50, which is one of the important levels to which the price is exposed.

The price stabilizes by moving above the level of the moving average 50-7-20, which constitutes the first support levels for the price and prevents it from falling further.

The stochastic oscillator started the downward movement after exiting the overbought zone and turned back from it, therefore, it will try to press the price to return to the sideways path, provided that the support level 86.50 is breached.

The stock can be bought with a retest of the 86.50 support level, and the targets will be 94.90-101.20, and a stop loss below 82.70