Sber Bank stock analysis 11.11.2020

Sber Bank rose and managed to breach the upper bound of the descending channel it was moving within after breaching several resistance levels and approaching the main resistance level 243.53

The price is moving above the moving averages 50-20-7. Therefore, the price confirmed the upside path and we await a test of the 250.00 level.

The current price action takes place between the support level 221.80 and the resistance level 250.00 over the intermediate period which will be the main targets of the price action.

General direction of movement: Bullish path