Sbrr Bank share reached the resistance level of 260.00 after the stock managed to breach the resistance 250.00 it reached last week and rebounded from it in a correction of the strong upward path that was formed after the stock managed to breach the upper bound of the descending channel it was moving within after it broke through several levels To resist.
The price is moving above the moving averages 50-20-7. Therefore, the price confirmed the upside path, and we await a re-test of the 250.00 level.
The current price action takes place between the support level 232.70 and the resistance level 270.00 over the intermediate period which will be the main targets of the price action.
General direction of movement: Bullish path