Aeroflot stock analysis

Aeroflot stock attempted to test the resistance at 86.50 by the end of last week's trading, but it failed to breach this level. The stock returned to the sideways movement it was trading in during the past two weeks, as it tested the key support level of 78.50, which is considered one of the important levels that the price is exposed to.

The price is moving above the moving averages 507-20- which move in one level at the 84.00 level and form the first support levels for the price and prevent it from falling further.

The stochastic oscillator gives a sign of a change in the path, thus it will try to pressure the price to return to the sideways track, after the resistance level 86.50 had held.

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