MAIL.RU is one of the best Russian IT stocks.
Why you should buy MAIL
1. The good support level of 2100 is the first point for taking MAIL now.
2. MAIL has a very strong competitor Yandex in Russia which seems too overbought in comparison with MAIL
3. Good growth in revenue and profit
4. Partnership with the largest Russian bank Sberbank
I see the first TakeProfit level for long-term investors on 3000
Why you should buy MAIL
1. The good support level of 2100 is the first point for taking MAIL now.
2. MAIL has a very strong competitor Yandex in Russia which seems too overbought in comparison with MAIL
3. Good growth in revenue and profit
4. Partnership with the largest Russian bank Sberbank
I see the first TakeProfit level for long-term investors on 3000