years on the market

Trading ideas for PJSC “Sberbank” 07.10.2019

Today Sberbank will present financial statements according to RAS (Russian Accounting Standards) for 9 months of 2019. A positive report will push the price once  again.

The support level of 222.0 holds back sellers. The pivot level of 225.5. provides resistance to buyers. Awesome Oscillator indicator shows the formation of a bullish divergence.

Trading recommendations:

Buy above the pivot level of 225.5 on the formation of an upward pattern 123.

Spot Loss under the support level 222.00.

Target levels – 230.87; 235.80; 244.90.

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