Sberиank Analysis 28.01.2019

Sberbank continues its bullish streak for four weeks. Where the price succeeded in breaching the resistance 211.02 and close above it at the end of last week

The moving averages support price action as the moving average 7 moves steadily below the price and provides stability and stability for the continuation of the bullish movement,

The moving average 20 succeeded in crossing the SMA 50 thus we get the ideal order of the ascending lines (7-20-50)

We also notice the SMA 50 near the support of 193.85 which is the 23.6% Fibonacci retracement

Stochastic moves in the saturation zone and leaving the region will lose the positive momentum of the rise and therefore we can see some correction of the movement.

The expected movement between the support of 195.83 and resistance is 224.58

The general trend of the movement: upward