years on the market

Aeroflot stock analysis 23.11.2020

 

Aeroflot stock returns to the upside after it managed to breach the resistance 68.30 in an attempt to end the bearish path and return to the upside again.

The price is moving above the moving averages 507-20- after it managed to breach it by the end of last week, which is moving near the support level 68.31 and pressures the price to continue rising.

The stochastic oscillator is moving within a sideways path in the overbought area, thus it tries to pressure the price to continue to rise

General path of movement: bullish

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