years on the market

Sberbank Analysis 26.11.2018

Sberbank is moving in a sideways trend. Tends to rise. Trading above the moving averages 20-50- which are moving with each other, and that is pushing the price to rise but on condition closing above SMA7.

At the same time, there is a bullish cross for the Stochastic which is likely to move higher.

The trading range between the support at 193.90 and the resistance is 201.80.

Support and resistance:

Support: 193.9-190.30-186.20-178.7;

Resistance: 201.90-206.60-211.36.

General inclination: sideways trend.

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