Aeroflot share analysis

Aeroflot, the Russian share, fell back after failing to stabilize above the 86.50 resistance level, bouncing back below the mentioned resistance. The stock returned to the sideways movement that was trading within the past two weeks, as it tested the main support level 78.50, which is one of the important levels to which the price is exposed.

The price is moving in a move around the 50-20 moving averages, which constitute the first support levels for the price and prevents it from falling further.

The stochastic oscillator continues the downward movement after exiting the overbought area and reaching the sell-off zone, thus it will try to press the price to return to the sideways track, 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