I'm considering purchasing calls with a strike price of 40usd and an expiration date on March 6th .
The spread between USDBRL and EWZ is reaching similar percentages to what has show in the past, so I think that it's due for an adjustment, and thus agree with Yacine.
I also spotted a technical key level, which I want to see the stock avoid to retest during the next week, for a time at mode buy setup to confirm.
My own indicator displaying bands shows price reached an extreme low, and so does rgmov.
The retest of the supply area seen in the last high, but on lower is a signal as well.
Remember to risk less than 5% on each trade, in this case, I'm considering a 1.5-3% risk.
You have to check your own emotions, and the general concensus often, to gauge if your emotions are betraying you and you're falling into a trap.
Sometimes, obvious price action seems to obvious but still happens, so, better be ready and be flexible.
I'll let it run, since it represents a small loss if it goes badly after the expiration.