nikhrushchev

Sberbank to break, but only with good earnings report

Long
MOEX:SBER   SBERBANK
Hi there, I've been following Sberbank and here are my thoughts: there is a strong resistance level at 290-296, which is facing an uprising trend line (dotted line). In simple terms, I expect a continuation of a trend with a break out through that resistance level . Sberbank is being fundamentally strong company, hence I expect positive breakout. The only major concern is an earnings report on the 26th, hence I do not expect a break out before that. MA50 tends to be a local support level for a trend.

Of course, the earnings might not match expectations and then I would expect a pull back to test new levels later, but let's see.

Not an advise to invest, but feel free to share your reflection!
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