Welcome 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 !
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 !