17.02.2020
Sber Bank shares continue to decline and correct the bullish track as the price managed to breach the support level at the value 257.13 and reached the next level 249.07
The price remains above 250.00 level is a prerequisite for the continuation of the bullish price movement, while breaching this level will lead the price to decline and test the level of 242.75
The price action continues below the 7-20 moving averages that constitute resistance levels to the price while the moving average 50 remains below the price and constitutes a positive pressure factor for it.
The stochastic oscillator is heading towards the oversold zone and is moving within a bearish path near this area thus it is likely that the price will continue to drop to the support level 250.00.
The general direction of movement: neutral.
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