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Xemaphore

#GGB looks promising in mid- to -long-term technical view

Long
Gerdau S.A. (NYSE:GGB)  
Xemaphore  
NYSE:GGB   Gerdau S.A.
Chart Patterns GGB gerdau
3
0
chartpattern ggb gerdau
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 GGB
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