Ozon – Explosive business growth continues
"Ozon announces preliminary operating results for 2023: turnover exceeded 1.7 trillion rubles, adjusted EBITDA is positive"
Ozon's sales are growing at almost double-digit rates every year, despite the growing scale of the business. E-commerce covers an increasing number of products and provides a uniquely convenient service.
TAKE PROFIT
The company's shares are trying to gain a foothold above the level of 3,000 rubles, which they could not take since August 2023. Closing the second weekly candle above 3,000 rubles increases the likelihood of further growth. The long-term upward trend is also playing for growth. We believe that the securities will continue to move towards the level of 3,400 rubles, which implies an 11% increase from the current price of 3,060 rubles.
STOP LOSS
Do not forget about risk management and portfolio diversification. It is recommended to buy a share for no more than 6% of the account, since the company is fundamentally weak due to constant investment in business development. If the price is fixed below 2,900 rubles, the growth forecast of the paper is canceled. A stop order can be placed at the level of 2,970 rubles (-3% of the current price of 3,060 rubles).
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/
