Do you know what “Oi” means?
Posted: September 18, 2013 Filed under: Double Bottom, Reversal, telecom | Tags: Brazil, Emerging Markets, Oi, Oi Sa, OIBR, telecom
Oi in Portuguese means “Hi”. Oi (OIBR) is also the largest telecom company in Brazil & second largest in Latin America. OIBR is in the process of making a double bottom pattern with a neck line at 2.25. Watch closely for a possible reversal, as this stock has been on a downtrend since April 2008!
Another small nugget, OIBR latest dividend yield is 12%!!!