years on the market

SBER Bank Stock Analysis

Speer Bank continues its downtrend after exiting the ascending channel within which it was moving.

The price managed to hold below the 20-50-7 moving averages

They move above the price and form resistance levels

The stochastic indicator has exited the oversold area but it is in a side path near this area and gives a signal to return to it in a sign that the bearish path continues.

The expected movement between 216.8 support and 235.96 resistance.

Overall trend: Bearish.

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