Sberbank Analysis 21.01.2019

Sbearbank continues its bullish streak extending from three weeks ago. Where the price succeeded in breaching the resistance 202.00 and close above it for two days and wait for the closure for the third day until it is sure to break the resistance effectively.

The moving averages support the price movement as the moving average 7 moves steadily below the price and stability and stability are provided for the continuation of the bullish movement. We also notice the SMA 50 near the support of 193.85 which is the 23.6% Fibonacci retracement. (7-20-50) for the ascending order

The Stochastic is moving in the overbought area in a positive signal for the price to move higher.

The expected movement between the support of 195.83 and resistance is 211.00

General trend of the movement: upward