Sber Bank stock analysis

The stock of the week's trading opened with a big gap, as the price breached the lower bound of the ascending channel it was moving within and also managed to breach the support level 216.25

The price is moving below the moving averages that form resistance to the price and pressuring it to continue the downside path, although the price is moving away from the averages, so we could see a bullish correction to the 7 average at the resistance level of 216.34.

The current price action takes place between the support level 202.55 and the resistance level 2016.37 over the medium period which will be the main targets of the price action.

General direction of movement: Bullish path.