Trading ideas for PJSC Sberbank 05.11.2019

The overall trend is upward. The stock is trading in the range of 150 and 365 moving averages. The pivot zone 232.90 holds back sellers, and Stochastic Oscillator indicator signals oversoldness. Breaking through the pivot zone 236.80 will result in the formation of an upward pattern 123.

Trading recommendations:

Buy after the price fixes above 236.80.

Stop Loss – 232.90.

Target - 242.08.