Replies to post #233 on Oi S.A. (OIBR)

[THREE-DAY-TRADER]

OIBR becoming quite short term cheap neat 1.60 so far today. I would not be surprised if it weakens a little more to 1.40-1.50, but it is close to short term oversold bottom area in my view.
When it rallies, I see minimum 1.85+, with 2's likely, then sell into that gap getting filled toward 9-20 day averages area, which is a reasonable expectation for a rebound.
15% profit or better potential for a multi-day trade here (when it rallies) if one is vigilant on this.
Decent chance this rallies into 2's for 3040% or better profit.