Rest of the World Materials · Open buy
Gerdau gains 3% and strings together 4 higher lows ahead of earnings
Rest of the World Materials · Open buy
Our view last week
Gerdau's buy signal, which fired last week, holds through its first confirmation week and closes higher: the weekly structure stays clean, with every structural average aligned and price above the Ichimoku cloud. The daily chart strings together 3 higher lows toward the 23 area, but the stock is still hugging its highs, a level already tested more than once. The disciplined move is to wait for a pullback before stepping in.
This week's summary
Gerdau strings together 4 higher lows on the daily chart, from the 21 area toward the 24 area, while the weekly chart holds above the Ichimoku cloud with every structural average aligned. Volume is contracting though, and buyer dominance is fading: a solid uptrend, just less convinced than it looks. The buy signal, which fired 2 weeks ago, closes its confirmation week higher, with earnings due August 4th adding event risk to weigh.
Open BUY
·2nd week from start
·Rest of the World stocks
·T1
·📅 Earnings · Aug 4
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IQS Phase
70
in tension
Signal Strength
55
medium
Sizing
STANDARD
Ranking
#7 / 12
Rest of the World stocks in progress
Trade P&L %
+3.91%
from signal to date, no stop loss
Rank position
ranks 7th among the 12 Longs already running for titoli resto del mondo in our ranking, with a signal strength of 55 out of 100.
Sector context
SectorMaterials
Benchmark ETFXLB
Sector regimeweak phase
Performanceweekly -1.62% · monthly -1.16%
GGBR4 belongs to the materials sector (reference ETF XLB). The sector is classified weak phase according to our weekly reading.
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