GGB breakout setup
Gerdau S.A. (GGB), Steel/Iron Ore, was flagged by the Breakout Radar on Oct 19, 2026 at $5.13, 0.8% under its $5.17 pivot.
Daily candles. Red: the base's resistance. Blue: its floor. Lines as the radar draws them today.
Why it was flagged
Third base since the advance began — late stage (above a rising 200-day average) for 114 sessions under a gently rising resistance at 5.17 tested 8 times, with a flat or rising floor touched 5 times and the range narrowing to 6% of its start.
What happened next
Broke out Oct 20. It first closed above the pivot at $5.24. Last close $4.74 (Oct 29, 2026), -7.6% since it was flagged; best point +3.3%.
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A measured chart pattern, not a recommendation. Not investment advice.