Sber Bank shares are correcting the ascending path after reaching the resistance level 290.00 after the stock managed to breach the resistance 270.50 it reached last week and rebounded from it in a correction of the strong ascending path that was formed after the stock managed to breach the upper bound of the descending channel that it was moving Within it, after it broke through several resistance levels.
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 290.00.
The current price action takes place between the support level 273.00 and the resistance level 290.00 over the intermediate period which will be the main targets of the price action.
General direction of movement: Bullish path