BrunoBoni
Long

BUY GGB on touch of lower bound of wedge pattern

NYSE:GGB   GERDAU SA SPONS ADR EACH REP 1 PRF SHS NPV
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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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