🧲 A magnet that does not attract (MGNT)🛒- EWA.

4. März 2021

MGNT - is the largest Russian retailer with the largest number of retail outlets and geographical coverage.

●● Mine scenario
● 2D
LSIN:MGNT

Admittedly, these red boxes with a terrible layout have always been alien to me. Having experience in retail chains, production and warehouse logistics - i can say - when you enter their buildings, you want to redo everything. It turns out that in the mood of investors in relation to this company, has the same confusion. From the top of the assumed wave ④ passed a three-wave correction in the form of a single zigzag, which, hypothetically, can be the first wave in the composition of the forming Leading Diagonal (1). Of course, long-term purchases in this case can only be discussed if the diagonal is fully completed and the subsequent correction (2) of ⑤ has made.

● 1D
MGNT

With a little difference, the picture is similar on the MGNT.

● 4h
MGNT

I plan to work locally in long at the end of ((b)) of 3 of (1).

●● Alternative scenario
● 1D
MGNT

Quite harmoniously, the descending wave from the top ③ has the form of an impulse. Which, however, can not be done with LSIN quotes, where if we consider the descending wave from 2015 as the first wave, then only as part of the Leading Diagonal.

The wave marking in the double circle parenthesis corresponds to the green marking in the circle on the chart.