Get started
GERDAU SA CEDEAR EACH REPR 4 ADR PRF NPVGG

GERDAU SA CEDEAR EACH REPR 4 ADR PRF NPV

No trades
See on Supercharts
Overview Financials News
Ideas
Discussions Technicals Seasonals Bonds

GGB trade ideas

Gerdau 13 RRR recent upsideTrading Methodology: 1. An asymmetric bullish/bearish pennant is drawn using ascending and descending curved trend lines with a minimum of three price action touche points per line. The direction is determined by the previous trend. 2. The angle tool is applied from the earliest two trend touch points, beginning at the earliest touch point. 3. A trend-based Fibonacci retracement triangle is drawn starting from the earliest trend touch point and ending at the earliest touch point of the opposite trend line . 4. Based on the degree, of the earlier defined angle, the appropriate (and secret) levels are selected for the fibonacci retracement ; two levels for stop-loss and two levels for take-profit. The closest stop-loss level to the current price level is the top priority stop-loss. Though the secondary stop-loss level is often chosen for some markets such as FX and some equities in order to account for seldom unexpected resistance breaks. The greater target level is the top priority, and where majority of the shares are sold, though some may choose to close part of the position at the first target level or set it to be the stop-loss once price exceeds it. Entries should be laddered in around the levels closest of the yellow line. This trading strategy can be applied to any market and time frame, and positions most often garner the greatest risk-to-reward ratio with the highest success rate. What more can you ask for? I will only be posting my unique trading strategy until EOY. I work solely with price action to identify pennants and apply unique trend-based fibonacci retracement levels for SL and TP levels. Reach out to me if you have any questions.
NLong
by fiboracle
Bullish Gold Futures = Mining Companies (#7 GGB)Not only gold futures are bullish, Coal and Palladium are bullish, and the majority of companies in the basic materials industry are making new highs and they are broken key resistance levels in this case 4.20 around was a resistance level who takes the price one year and two months and four attempts for broken it and finally the past week was broken, now is recommendable to wait for a pullback or price consolidation around 4.20 and the actual price This is a classic price pattern with a solid argument behind, the argument is the bullish materials futures, this Industry is easy to understand but every company need more research for part of the managers and the fundamental analyst who prefer companies with good Financial Statements based on your investment needs and risk profile
NLong
by Alex_Quiroga