PLong
Magnit, The Shoprite of RussiaFollowing 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 as a resistance level however strong buying can be seen with the RSI pointing sharply higher. From a fundamental perspective, muted gro
WATCHING THE TITAN NORILSK NICKELWhat do we have?
1. The price of MOEX:GMKN is at the upper limits of the maximum of 12,000 rubles.
2. The indicators feel calm, RSI is coming to the top mark.
3. In General, the chart looks very bullish since 2008.
Conclusion:
1. Breaking through the 12,000 level the price is likely to go up to the Fibonacci extension of 161.8, which corresponds to 13960 RUB per share.
2. Goal 13960 is confirmed by the next expansion of the flag in which the stock is traded since October 2017 (according t
SBERBANK - ON THE WAY TO 220Last recommendation for MOEX:SBER worked at 100% (see below description), below is a new idea.
What do we have?
1. Broke up the line of price resistance, which was established in January 2018 (the red line)
2. Came up from the consolidating price triangle. (green triangle)
3. We pushed off the price support line formed in 2015(green line)
Conclusion:
In view of the above factors, most likely, the price of Sberbank shares will go up to the level of 220 rubles. (at this level, the previ























