MagnitLong
Idea about Magnit
Magnit is a chain of retail stores, the third largest private company in Russia by revenue (after Lukoil and X5 Group). It consists of more than 15 thousand grocery stores, 500 supermarkets, 5 thousand perfume and cosmetics stores, 1 thousand pharmacies, manages a greenhouse complex and its own fleet of 5.7 thousand cars. Founded in 1995. Revenue ₽1553.8 billion (2020). Capitalization ₽600.5 billion
The deal is on the rebound from the support level.
The tool is not fast, it forms an impulse through a long sideways movement.
Support levels ₽5525/₽5650/₽5750
1) A deal on the trend.
2) 200 EMA - day support.
3) The instrument needs a correction to collect liquidity.
Long: ₽5675
Until then: $5530
Target : ₽5950 (speculative)
Stop below ₽5400
NOT IRR.
The deal is on the rebound from the support level.
The tool is not fast, it forms an impulse through a long sideways movement.
Support levels ₽5525/₽5650/₽5750
1) A deal on the trend.
2) 200 EMA - day support.
3) The instrument needs a correction to collect liquidity.
Long: ₽5675
Until then: $5530
Target : ₽5950 (speculative)
Stop below ₽5400
NOT IRR.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.