X5 Retail –significant revenue growth
"X5 Group announces net revenue growth of 20.6% in 2023. Net revenue of digital businesses increased by 75.7%"
X5 Group's revenue growth is significantly ahead of inflation, which indicates further expansion of the network and the growth of the company's business as a whole.
The catalyst for the growth of shares may be news about the redomicilation of the company.
TAKE PROFIT
Since June 2022, X5 Group shares have been in an upward trend. Since mid-September 2023, the shares have formed resistance at the level of 2,400 rubles, shares are trying to approach this resistance for the 3rd time, which increases the probability of a breakdown of the level and further growth. We believe that the local target of the movement is the level of 2,740 rubles, which implies an increase of 14% (from the current market price of 2,400 rubles).
STOP LOSS
Do not forget about risk management. If the price is fixed below 2,300 rubles, the scenario with further growth of the paper is canceled. The stop order[1] can be placed at the level of 2,315 rubles (-3.5% of the current price of 2,400 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 contact our trader for advice (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/
