Idea about Magnit

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 (2020). Capitalization ₽600.5 billion

The deal is on the rebound from the support level.
The tool is not fast, it forms an impulse through a long sideways movement.
Support levels ₽5525/₽5650/₽5750

1) A deal on the trend.
2) 200 EMA - day support.
3) The instrument needs a correction to collect liquidity.

Long: ₽5675
Until then: $5530
Target : ₽5950 (speculative)
Stop below ₽5400

NOT IRR.