Notes:
* Great earnings in the recent quarters
* Strong up trend in the recent years
* Breaking out of a ~11 month cup shaped base with higher than average volume
* During the recent pull back the volume was decreasing indicating bullishness.
Technicals:
* Sector: Basic Materials - Steel
* Relative Strength vs. Sector: 7.19
* Relative Strength vs. SP500:...
Best Case Scenario
Hold $5.27 support
then 👉aim for $5.50+
Worst Case Scenario
Re-test bottom trendline $5.15
then 👉look for bounce to $5.30+
If this does not hold, expect sub $5
The most recent candle was able to break the descending trend line and also close over the .38 fibonacci level. It also closed in a bullish pin bar. The RSI is still low.
Looking for a move up the fib scale. First target $6.32. $6.54 and eventually $7.27
First post for a while, been a long year.
Stan Weinstein wrote a classic investment book in the 1980's
Basically, it's based on recognising the rotation in the market between stage 1,2 3 and 4 - instead of inserting loads of waffle about it check out this link - the7circles.uk
Stan’s general rules on buying are:
1. Check the major trend of the overall...
BREAKOUT STOCK ALERT
$GGB - Gerdau S.A. Common Stock
Initial Alert Price: $4.6
Potential Price: $5.47
Potential Gains: 18.91
Stop Loss Limit: $
Looking for a small 20% Swing Trade on GGB as the company moves to retest the $5.34 Price Levels over the next few trading sessions. If we're able to break above those levels and find support above the $5.34, then we...
As you can see from this slide, in the second quarter 2020, we posted a positive free cash flow of BRL205 million, even considering the drier period of the COVID-19 pandemic. This improvement vis-a-vis Q1 2020 reflects the combination of an EBITDA 12% higher than in Q1 and the maintenance of a stringent financial discipline in terms of capex and the control of...
I imagined the reversal point at 20.45 and bought at 20.53 but the decline continued to happen.
Perhaps the asset will reach resistance or come back. What do you suggest?
GGBR4 vinha numa ascendente forte desde outubro/19, formando um belo canal de alta, mas parece que perdeu um pouco do momentum a partir de 13/01, quando ficou um pouco de lado.
Perdeu o canal no dia 27/01 com a queda generalizadas das bolsas no mundo e não recuperou o movimento de alta ainda. A MM20 no diário começou a virar para baixo e preço está bem longe da...
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 NYSE:GGB
