Aeroflot stock analysis 12.10.2020

Aeroflot confirmed the downside path, as it breached the support 68.30 and moved towards the 50.60 level, which is the target for the downside movement.

The price continues to move below the moving averages 507-20- which moves in a bearish order above the price near the resistance level 78.5068.30 and pressures the price for further decline.

The stochastic oscillator has entered the oversold area and is moving within this area within a sideways path, therefore we may see a further drop in the price.

General trajectory of movement: a downward trajectory.