Fix Price is Russia's largest chain of low fixed price stores in terms of revenue and number of stores, significantly ahead of other players. The Fix Price store chain includes more than 4,000 stores in Russia and the CIS. Founded in 2007. Revenue ₽57.9 billion (Q3 2021). Capitalization ₽460 billion
On December 23, the instrument approached the strong level of ₽540, which was formed by a trend break and from which the growth was >30%.
I think that now the setup is stronger than what it was at the end of July.
To date, we see a five-day candle trading -> accumulation near the level is an important factor for entering a medium-term deal. Yesterday we saw a strong breakdown of the support level by almost 17%, the formed false breakdown ensured the collection of liquidity and significantly added confidence in the further development of events + the daily candle closed above the close of the previous day.
I expect a good long movement from the instrument.
Long with current
Price now: ₽549.8
Goal 1: ₽595
Goal 2: ₽655
On December 23, the instrument approached the strong level of ₽540, which was formed by a trend break and from which the growth was >30%.
I think that now the setup is stronger than what it was at the end of July.
To date, we see a five-day candle trading -> accumulation near the level is an important factor for entering a medium-term deal. Yesterday we saw a strong breakdown of the support level by almost 17%, the formed false breakdown ensured the collection of liquidity and significantly added confidence in the further development of events + the daily candle closed above the close of the previous day.
I expect a good long movement from the instrument.
Long with current
Price now: ₽549.8
Goal 1: ₽595
Goal 2: ₽655