Why are Mail.ru shares falling? – ForTrader.org financial magazine


Since the beginning of the year, GDR Mail.ru has shown negative dynamics, and over the past 11 trading days, their rate has fallen 10 times. Weak fundamentals led to the fact that last week the price of securities fell below the level of 1,500 rubles.
Why Mail.ru shares are falling and is it worth buying them now, counting on a rebound? The Fortrader issue was commented on by Andrey Vernikov, Head of the Investment Analysis and Training Department of UNIVER Capital Investment Group.

– Now in the world there is a cooling of investor interest in companies in the high-tech sector, and against this background, MAIL.RU shares look like a “weak link”. Judging by the reports, the company’s businesses are growing, but there is still no profit. And there is no guarantee that the MAIL.RU ecosystem will win in the competition, for example, with the Yandex ecosystem.

Why, for example, Yandex-GO taxi is worse than Citymobil from MAIL.RU? Or how is Alice’s voice assistant worse than Marusya’s assistant from MAIL.RU? The answer is not obvious. Most people choose services from Yandex. MAIL.RU shares fell by 40% at the moment from the local maximum, and one of the reasons for this is that a number of telegram channels tried to accelerate the quotes of this share. We didn’t learn how to overclock, but now we have a large overhang of stocks, and the recovery will be difficult. Newbies tend to buy shares based on the recommendations of telegram channels and do so without setting limits on losses. A lot of newbies have been burned by investing in this paper.

Why Mail.ru shares are falling

Judging by the weekly chart, the quotes have reached the oversold zone, and their corrective growth is likely in the next two weeks. The likely target of growth is 1720 or 1800. You can buy on pullbacks, but there are no special ideas other than removing the oversold area. And you should buy a small amount, since if the correction of high-tech stocks in the United States continues, this stock will be one of the first to be hit.

Libertex [CPS] WW

xemarketsforex

xemarketsforex

MTP Procurement Management Procurement Bidding SRM Cost Optimization Team Management Cost Management SAP ERP Management Skills SAP ERP 1C Supply Control SAP / SRM SAP / R3 Analytical Thinking Working with Suppliers Result Oriented System Thinking Process Management Strategic Planning Project Management MsOffice Negotiations with company top officials Organization of procurement procedures Oil trading

Read Previous

Bitcoin price collapse: can we put an end to the first cryptocurrency?

Read Next

Strong reports from Walmart and Home Depot surpass Wall Street estimates and reflect unrelenting demand