BrunoBoni

BUY GGB on touch of lower bound of wedge pattern

Long
NYSE:GGB   Gerdau S.A.
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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