Companhia Siderúrgica - SID engaged in INFLATION-POP surge!

Companhia Siderúrgica (SID) began a multi-year recovery from the Jan’16 lows of $0.72 in response to some dramatic declines over the last 6-year period. From the ‘orthodox’ Elliott Wave all-time-high into this year’s low, a massive depreciation of minus -96.5% has occurred. The 2016 recovery has risen by +445% per cent. This report covers short-term information and a longer-term outlook for 2017.