04.10.2019
Magnit will cut the number of house brand products from 67 to 26, significantly reducing the expenses. The main purpose behind this is improving the quality of the remaining products and abandoning those not in demand. In October of 2019, Magnit will launch a nationwide advertising campaign for the new brand “Magnit Svezhest” (Magnit Freshness) on federal television, ATL and sales locations. The slogan says: “From field to shelf, fresh-quick!”. Magnit is the only food retailer in Russia with its own food production facilities.
Consider the medium-term purchase above the resistance level of 3500 rubles per 1 share.
Bullish divergence has formed Awesome Oscillator indicator, and the Williams percentage range indicator is in the oversold zone.
Trading recommendations:
Buy strictly above 3500.0.
Stop Loss-3405.0.
Target levels-3683.0; 3815.0; 3890.0; 3980.0.
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