Gazprom share continues moving within the bullish path, after it settled above the resistance level 184.75, after breaching the resistance 180.70 and closing above it. And also after exiting the descending channel in which it was moving.
The price is moving above the 20-50 moving averages, which is a positive sign for a continuation of the upside path.
While we have resistance at 198.00 and major support at 178.00.
We note that the stochastic indicator is approaching the overbought area in an upward path, thus supporting the opportunity to continue the bullish movement
The price action will be between the support level 170.50 and the resistance level 201.00.
The general direction of the movement is up.