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