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...
«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...
Why 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...
According to Moving averages convirgence/divergence growth, RSI ~50% , ATR and Manit historic data of these indicators we expect increase by ~2.5 - 3% stock prices increase in next 7-10 days
