Best Case Scenario Hold $5.27 support then 👉aim for $5.50+ Worst Case Scenario Re-test bottom trendline $5.15 then 👉look for bounce to $5.30+ If this does not hold, expect sub $5
it has broken a long-term declining trend. you can wait for a pullback until 3.70 - 3.80 range. short-term ( 4-8 weeks ) target 4.40 long-term ( 6-12 months ) target 5.20 Financials are doing quite well ; Revenue : 11.274 B Income : 562.7 M (profitability has a room for improvement) EPS : 0.21 , ROA : 2.76 NYSE:GGB
GGB is in the middle of a complex correction. I'm looking for the completion of this last wave up before a deeper correction.
Sell 2019-07-17 or 2020-04-15. Have fun trading!
GGB is in the middle of a strong retrace. If the rising trendline holds i'm expecting one more wave up.