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MTC Stock Analysis 30.07.2020

31.07.2020

Market Review

МТС shares rose after testing 313.34 support and failed to breach it. The stock returns to rise and breaches the resistance level 233.47 and the moving average level 7-20-50.

As the price stabilizes by moving above the 20-50 moving averages, which have become supportive levels for the price.

The stochastic oscillator has entered the overbought zone, which was an additional factor in the price increase.

The expected trading range is between 301.40 support and 340.50 resistance

Expected trend for today: bullish.

Author: admin
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