Savings Bank: net profit of the Issuer increased by 21.6%

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The Russian stock market last week looked good, but the momentum is focused in a positive external conjuncture, which tightened the market flagships.
In the papers of “Sberbank” still in force “sideways” in the range of 185.00-203,55 RUB last Friday, stocks perform better than the market and managed to approach the line 50-SMA level 196,0. This line is an intermediate resistance, break of which will open the way to 200.0 RUB However, in order to break the boundaries of the sideways channel, you need a powerful momentum – most likely, informational, rather than technical.
Shares of Sberbank are very sensitive to changes of sentiment in news flow, therefore, a strong improvement from this side will provide promotion support. At the same time, in the near field of information such drivers have not yet seen, and the report for 11 months of 2018, the company released last week, is already considered in quotations. The document shown, I will remind that net profit of the Issuer increased by 21.6%, while operating costs are rising.
Short-term shares of “Sberbank” can remain in the designated range, the balance of power in the event of improving market conditions is clear. In case of deterioration of the background paper will pull to RUB 188,00 per share.
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Anna Bodrova,
Senior analyst,
Alpari