years on the market

AeroFlot Stock Analysis 14.08.2019

Aeroflot rebounded from 102.87 support and reached 107.25 resistance and managed to breach it to complete the bullish path to the next resistance level 110.85 which stopped the bullish move.

The price is moving under the positive pressure of the 7-20-50 moving averages that move below the price and form support levels.

Stochastic is within the oversold area and therefore exiting this area and holding the resistance will lead to a correction.

Overall trend: Bearish.

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