21.08.2020
МТС share continues moving around the resistance level 340.00 after it managed to breach it and the stock rose to the upside, after it broke through several resistance levels and the moving averages level 7-20-50.
As the price stabilizes by moving above the 20-50 moving averages, which have become support levels for the price.
It constitutes a positive incentive for the continuation of the movement within the ascending channel within which the price is moving.
The stochastic oscillator is moving downward after it exited from the overbought zone, and this is reflected in the price, as it is testing the 340.20 support
The expected trading range is between 301.40 support and 350.50 resistance
The expected general trend for today: Bullish.
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