MAGNIT / LONG / 21.03.25⬆️ BUY MAGNIT 21.03.25
💰 Entry: 4930.5
🎯 Goal: 6931.0
⛔️ Stop: 4526.0
Entry reasons:
1) OSOK:
— Month minimum was set at the 2nd weekly
2) Eliott waves:
— 1D: 2th wave is formed, 3th is forming
3) Larry Williams:
— Long term point is forming
3) Range:
— Monthly bullish range, correction into zone OTE
4) Additional arguments:
— Divergence delta cluster
— Divergence oscillator 1d
— Weekly liquidity is captured
Strategy: #osok #wave #larry #cluster
MGNT trade ideas
MGNT 1H Long Investment Conservative Trend TradeConservative Trend Trade
+ long impulse
+ SOS level
+ 1/2 correction
+ volumed 2Sp-
- day will close without test
Calculated affordable stop limit
1/2 1M take profit
Daily Trend
"+ long impulse
+ SOS test / T2 level
+ support level
- strong approach from volume zone
+ biggest volume manipulation"
Monthly Trend
+ long impulse
+ expanding biggest volume T2
+ support level
+ 1/2 correction
+ unvolumed 2Sp-
+ strong buying bars
+ weak selling bar / test
Yearly no context
Idea about MagnitMagnit 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.
Traditional|MGNT|Long and shortLong and short MGNT
Activation of the transaction only when the blue zone is fixed/broken.
The author recommends the use of anchoring fixed the blue zone, this variation is less risky.
If there is increased volatility in the market and the price is held for more than 2-3 minutes behind the activation zone after the breakdown, then the activation of the idea occurs at the prices behind the activation zone.
Working out the support and resistance levels of the consolidation zone.
* Possible closing of a trade before reaching the take/stop zone. The author can close the deal for subjective reasons, this does not completely cancel the idea and is not a call to the same action, you can continue working out the idea according to your data, but without the support of the author.
+ ! - zone highlighted by the ellipse is a zone of increased resistance, in this area there is a possible reversal for a correction, please take this factor into account in this transaction.
The "forecast" tool is used for more noticeable display of % (for the place of the usual % scale) of the price change, I do not put the date and time of the transaction, only %.
The breakdown of the upper blue zone - long.
Breakdown of the lower blue zone - short.
Working out the stop when the price returns to the level after activation + fixing in the red zone.
Blue zones - activation zones.
Green zone - take zone.
Red zone - stop zone.
Orange arrows indicate the direction of the take.
Red arrows indicate the direction of the stop.
Priority - The value of the priority parameter implies the author's subjective opinion about the more likely activation zone on this idea, this does not mean that this idea will be 80% activated by this parameter, the purpose of the parameter is to provide for the risk of the inverse of the zone parameter.
Example: "Priority Long: So the author inclines more in the direction of the activation zone open long trades, in this case, when reaching the activation zone in short you should be very careful, because this area may be highly likely to be punched about the breakdown/do not get to take/activate transaction from go to stop."
Please consider this parameter if you use my ideas.
SUM PNL: This parameter displays the total % of all closed ideas of the "new" format (according to the author) for this sector at the time of publication of the idea. The calculation is very "clumsy" just the sum of the profits of all the ideas, based on this indicator, you can more accurately assess the risks when working with my ideas of this sector. I present you the construction of the idea, you can use it yourself as you like based on your subjective view and risks, the calculation of the PNL indicator is carried out only on transactions that the author closed on TV in manual mode or by take.
P.S Please use RM (risk management) and MM (money management) if you decide to use my ideas, there will always be unprofitable ideas, this will definitely happen, the goal of the system is that there will be more profitable ideas at a distance.
🧲 A magnet that does not attract (MGNT)🛒- EWA.«Magnit» - is the largest Russian retailer with the largest number of retail outlets and geographical coverage.
●● Mine scenario
● 2D
LSIN:MGNT
Admittedly, these red boxes with a terrible layout have always been alien to me. Having experience in retail chains, production and warehouse logistics - i can say - when you enter their buildings, you want to redo everything. It turns out that in the mood of investors in relation to this company, has the same confusion. From the top of the assumed wave ④ passed a three-wave correction in the form of a single zigzag, which, hypothetically, can be the first wave in the composition of the forming Leading Diagonal (1) . Of course, long-term purchases in this case can only be discussed if the diagonal is fully completed and the subsequent correction (2) of ⑤ has made.
● 1D
MOEX:MGNT
With a little difference, the picture is similar on the Moscow Stock Exchange .
● 4h
MOEX:MGNT
I plan to work locally in long at the end of ((b)) of 3 of (1) .
●● Alternative scenario
● 1D
MOEX:MGNT
Quite harmoniously, the descending wave from the top ③ has the form of an impulse . Which, however, can not be done with LSIN quotes, where if we consider the descending wave from 2015 as the first wave, then only as part of the Leading Diagonal.
The wave marking in the double circle parenthesis corresponds to the green marking in the circle on the chart.
Traditional|MGNT|LongLong MGNT
Activation of the transaction only when the blue zone is fixed/broken.
The idea is to work out the resistance level .
* Possible closing of a trade before reaching the take/stop zone. The author can close the deal for subjective reasons, this does not completely cancel the idea and is not a call to the same action, you can continue working out the idea according to your data, but without the support of the author.
+ Maybe right now we will go even lower, then it's okay, the idea is not activated and simply canceled.
The "forecast" tool is used for more noticeable display of % (for the place of the usual % scale) of the price change, I do not put the date and time of the transaction, only %.
Blue zones - activation zones.
Green zones - take zones.
The red zone - stop zone.
Working out the stop when the price returns to the level after activation + fixing in the red zone.
Orange arrow - the direction of take.
Blue arrow - neutral scenario without activating the trade.
The red arrow - the direction of the stop.
SUM PNL: This parameter displays the total % of all closed ideas of the "new" format (according to the author) for this sector at the time of publication of the idea. The calculation is very "clumsy" just the sum of the profits of all the ideas, based on this indicator, you can more accurately assess the risks when working with my ideas of this sector. I present you the construction of the idea, you can use it yourself as you like based on your subjective view and risks, the calculation of the PNL indicator is carried out only on transactions that the author closed on TV in manual mode or by take.
P.S Please use RM (risk management) and MM (money management) if you decide to use my ideas, there will always be unprofitable ideas, this will definitely happen, the goal of the system is that there will be more profitable ideas at a distance.
MAGNIT bearish swing to $4570One of the limits for the year has been triggered by this stock so I am short the stock. I typically close stocks based on weekly close so a weekly close above $5900 is my reason to close and potentially switch sides. This trade will be held for weeks once it goes into profit.
I got filled at 5362.50 with a SL of $5900 with a target of $4570
This is for entertainment purposes only.
Trading come with risk and you should consult a financial advisor for financial advice.
MAGNIT SHORTWelcome to our Daily Analysis , where we breakout the best course of action for a given price situation of a stock.
This week we will be interested by Russian Stocks, while the main topic of today being the MAGNIT price.
We have a big peak in volume , meaning the trend is falling and will continue to fall to hit either the 1st target and maybe even surpass 2nd target
Sellers are pushing the market according to the volume, showing a continuous downtrend.
Nature of The movement : Bearish
Best course of action
If you're a seller : hold or sell more.
If you're a buyer : we don't recommend holding the stocks (expect if you're willing to wait for the bearish movement to stop)
If you like our work, don't forget to follow and like us to support us as it would be very much appreciated !
MGNT market demonstrates the bullish intentionsWhy we have a triangle form (1) of the profile?
Because of the massive wall (2) of the Buy-Limits orders below 4k level.
This is why we have POC line under 4k line.
The majority thinks: "OMG, this stock is going to hell! It broke down 4k, it likely to go to 3k! I should sell it!"
"Thank you for cooperation! I buy it" - say professional.
This is why an army of bears has smaller progress in each attempt despite the valid downtrend.
Look. Here (3) was the bearish attempt on the high volume. What the result from effort?
(4) - quick recovery. All bearish success from December was quickly erased by the January pump.
Outlook is mid-term bullish