Lenta – consolidation of assets brings results
"The results of Q1 2024 indicate a qualitative leap in business development"
Consolidation of purchased assets brings Lenta to a higher level of business. The financial results for Q1 2024 indicate a good financial condition and the correctness of the chosen strategy for the purchase and consolidation of competitors.
TAKE PROFIT
After a significant increase in the price at the end of March 2024, Lenta shares entered a consolidation mode for 3 weeks, from which there was an upward movement in significant volumes, which indicates the strength of buyers. We believe that the target for the movement of Lenta shares is the level of 1,210 rubles (+10% from the previous target of 1,100 rubles).
STOP LOSS
Do not forget about risk management. If the price is fixed below 1000 rubles, the scenario with further growth of the paper is canceled. The stop order[1] can be placed at the level of 1060 rubles (-3.6% of the price of 1100 rubles).
[1] Risk management includes: setting a certain type of stop loss at certain levels, a position set method, a position reduction method, holding certain timings for decision-making and is of an individual nature, based on your personal risk profile. If you have any questions, you can consult our trader (Portfolio Consultant package at the link https://eraperemen.info/priobresti/).
Disclamer. The analytics presented here are designed for people who have at least a basic understanding of the Russian financial market. If you have difficulties with the practical implementation of our recommendations, you can use the services of our specialists with the Portfolio Consultant package at the link: https://eraperemen.info/priobresti/
