Aeroflot Stock Analysis 22.11.2018

Aeroflot shares gained during the previous session as the resistance zone indicated in gray. The stock is still trading within the descending channel and approaching the top line of the channel.

The price is hovering above the moving averages, especially the moving average 50, which may be a strong support for the price if it is stable above it, while the Stochastic is giving a bullish cross towards the overbought area.

Support and resistance:

Support: 101.62-90.22;

Resistance: 108.8-111.6-120.40.