Gazprom analysis 17.11.2020

Gazprom share continues to rise after confirming the bullish path, after breaching the resistance 180.70 and closing above it. And also after exiting the descending channel that it was moving within.

The price is moving above all the moving averages, which is a positive sign for a continuation of the bullish path.

While we have resistance at 198.50 and major support at 152.80.

We note that the stochastic indicator arrived from the overbought area and is moving sideways within this area and is still giving a more bullish signal. .

The price action will be between the support level 170.50 and the resistance level 198.50.

The general direction of the movement is up.