See chart. My strategy for middle time is showed. Long and short levels
Past resistance turned into support, the level is visible for additional purchases by company shares. The purchase level is about 3595 - 3590 rubles. The target is 3760 rubles per share.
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
Following a stellar multi-year run which commenced in November 2008 and where the share price appreciated from RUB360 to a high of RUB12944, Magnit's share price was seen under massive pressure, trading near six-year lows. Technically, the current level of 3957 (or below 4200) presents an attractive risk/reward on a medium-term basis. Since September we saw 3800...