Sberbank Analysis 17.12.2018

Sberbank successfully completed the bearish triangle pattern as the bottom line of the triangle has been breached, signaling the continuation of the bearish path and the rally towards the support level 150.00

This movement is done by pressure from the moving averages 7-20-50 which increases the negative pressure on the price.

At the same time, we see that the Stochastic has succeeded in entering the oversold area and this will reflect the price in further decline

Support and resistance:

Support: 186.00-179.20-150.00

Resistance: 193.8-205.4

The overall path is bearish