$GGB Technical Analysis 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
GGB
#GGB looks promising in mid- to -long-term technical viewit 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
GGB GOING FOR A DEEPER CORRECTION?GGB is in the middle of a complex correction. I'm looking for the completion of this last wave up before a deeper correction.
GGB: PAY ATTENTION TO THE TRENDLINE FOR A POTENTIAL WAVE UPGGB is in the middle of a strong retrace. If the rising trendline holds i'm expecting one more wave up.
