Sber Bank stock analysis

Sber Bank stock continues moving within the ascending channel, where it managed to breach the resistance (233.10) as we can see in the chart, and settled above it, after it broke the previous resistance 215.70 and confirmed its break.

The current price action is between the support level 233.10 and the resistance level 245.57 over the medium period.

While the main targets will be at the support level 185.80 and the resistance level 239.00.

The 20-50 moving averages are below the price near 221.00 and add pressure on the price for further upside.

General direction of movement: Bullish path.