Gerdau S.A.Long
BUY GGB on touch of lower bound of wedge pattern
BUY GGB touch of lower bound of wedge pattern. Target = last major top around $5. High beta stock, has lagged in performance compared to EWZ and (less than perfect) comp such as SID. Funneling of prices (wedge) may also give rise to interesting long volatility bets upon eventual breakout.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.