SBER Bank Stock analysis 27.01.2020

The Sber Bank share continues to rise after stabilizing above the 260.95 resistance, continuing the bullish path for the Spire Bank share.

The price remains above 260.95, a prerequisite for the continuation of the bullish price action. While breaching this level will lead the price to the corrective decline towards 250.46.

Price action above the moving averages that move in an upward order under the price and constitute a positive price pressure factor.

The stochastic oscillator started to decline after exiting the overbought zone, and this was reflected in the price by a downward correction towards a level.

The general direction of the movement: bullish.