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Magnit

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.
RUS:MGNTLong
by Trader_Ivankov
🧲 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.
RUS:MGNT
by TradeWaves-EWA
2
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
RUS:MGNTLong
by fintechzoom