VTB stock quotes continue to move within the correction and bullish channel. There is still potential for a large reversal pattern “Double Bottom” to form. At the time of the VTBR forecast publication, the stock price is 0.0238. Moving averages indicate a bearish trend. Prices are again testing the area between the signal lines, which indicates pressure from asset sellers and a potential continuation of the fall from the current levels. At the moment, we should expect an attempt at correction and a test of the support level near the 0.0235 area. Then a rebound upward and a continuation of the rise in the stock price to the area above the 0.0258 level.
VTB shares forecast for April 22-26, 2024
A test of the broken trend line on the relative strength indicator will be in favor of the growth of VTBR quotes. The second signal will be a rebound from the upper border of the bearish channel. The cancellation of the option of the rise of VTB shares will be a fall and a breakout of the level of 0.0235. This will indicate a breakout of the support area and a continuation of the fall of VTBR quotes to the area below the level of 0.0223. The growth will be confirmed by a breakout of the resistance area and closing above the level of 0.0265, which will indicate a breakout of the upper border of the reversal pattern “Double Bottom”.
Thus, the VTB Shares forecast for April 22-26, 2024 suggests an attempt to test the support level near the 0.0235 area. Where should we expect a rebound and continued growth in the VTB share price with a target above the 0.0258 level. An additional signal in favor of growth will be a test of the support line on the relative strength indicator. The cancellation of the rise option will be a breakdown of the support area and closing of quotes below the 0.0235 level.
