Be patient. According to VectorVest. This is an undervalued stock with $4.53 RV 1.18 RS 0.97 RT 1.73 CI 1.64 EPS 0.41 GRT 12 Steel Industry in US gained momentum since 8 Nov.
GGB is in the middle of a strong retrace. If the rising trendline holds i'm expecting one more wave up.
Divergência Negativa no G1h da GGBR4. Preço volta para a retração 61,8% = Venda Alvo = R$ 8,20
This is a Brazilian company in steel sector, which is very damaged by economic crise and commodities cycle. But it is a strong company and with the fixing in Brazilian politics fixind added to commodities market normalizing in medium term, its price will improve. All the relevant move average are in a parallel upping. They show an evident uptrend.
O papel encontrou um suporte da média móvel de 200 (MA200). Com o rompimento da MA200 o papel terá mais alguns candles de queda. O papel poderá subir alguns candles até alcançar a MA20 que servirá de resistência derrubando o preço novamente, Comprar o papel só quando romper a MA20
Kumo Breakout with good price action
Double-bottom mid-june and yesterday. RSI beggining to climb. Good spot to ramp up to its 50 DMA for testing.
GGB starts to go uptrend and get ready to take off. It's time to buy.
GGB has reach the steep channel top. Time to short.There is still space to let the stock go down more.
Good long position here. It looks great and add long position if price holds above $8.81 with target price $10. Option market is little bit scary but could be a positive sign too.