years on the market

Aeroflot stock analysis 09.11.2020

Aeroflot continues its descending path after breaching the support 68.30 and moving towards the level of 50.60, which is the target for the downside movement.

The price continues moving below the moving averages 507-20- which moves in a bearish order above the price near the 68.31 resistance level and pressures the price for further decline.

The stochastic oscillator is trying to exit the oversold zone in an attempt to stop the price drop.

General path of movement: a downward path.

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