BBD Undervalued

Looks like it's broken out of that channel, however I think it
goes back down prior to earnings in November. Seriosuly considering
long term LEAPS on this. The Jan 2025 $3 calls are super cheap.
Book value is $15. Let me know what you think?

Pros

1. Rising trade
2. Receding inflation/lower rates
3. Better political environment
4. Revisions up for GDP 2023/2024

Cons

1. It's Brazil
2. Big trade partner is China