years on the market

Sber Bank stock analysis 16.09.2020

Sber Bank rose to the upside and tested the resistance 233.10, trying to return to the bullish channel that it had exited from during the past two weeks, which is shown by drawing, thus the price tries to end the descending path and return to the bullish path again. Especially after moving above the moving averages, especially the 50 average.

The current price action takes place between the support level 220.10 and the resistance level 223.10 over the intermediate period which will be the main targets of the price action.

 The moving averages -50-20-7 are below the price near 221.80 and add pressure on the price to continue rising further and breach the resistance. .

General direction of movement: An upward path.

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