Ghana Football Association
Posted: September 16, 2013 Filed under: Double Bottom, Reversal, Triple Bottom | Tags: Brazil, BRICS, Emerging Markets, EWZ, Gafisa, GFA, Residential Construction, São Paulo
(GFA) stands for Ghana Football Association and the ticker symbol of the 4th largest homebuilder in Brazil, GAFISA, we are interested of course with the latter. GFA completed a 3-months triple bottom formation targeting 3.50. In 2012 GFA formed a double bottom formation around the same levels and surged over 70%. Will we have a similar analog this time?