Set up: Double bottom. Daily RSI is 26.50 (oversold). Positive divergence developing.
Entry Target: 38.90. EDIT (2/5/10, 10 AM EST). Next support is 37.40
Strategy: March 40/42 call spread.
Exit target: 23.6% Fib retracement at 41.90 and 38.2% level at 44, which is also the confluence of 20 MA, 200 MA and support/resistance TL
CAUTION: I think PBR is headed to 35-36 by end of March. This is a quick scalp/swing trade.
