SBER Bank stock analysis

Sber Bank stock fell and breached the support level of 233.84, but it continues to move within the ascending channel as seen in the chart.

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 moving averages 7-20 are above the price near the level of 233.10 and add pressure on the price for a further decline, while the 50 average remains moving below the price.

General direction of movement: Bullish path