Banco Bradesco (BBD) is a major financial services company in Brazil, offering commercial and private banking as well as insurance and other products. Shares have been beaten up this year amid the broad emerging markets rout, and were down 7.9% on Dec. 10 alone.

But now shares of Banco Bradesco are back to the bottom of their recent range, and my work suggests that they now have a shot at moving back to at least $6.50 over the next month. In the last five years, BBD shares rose during the 21 days starting Dec. 10 by an average of 6%. We’re close to the bottom of the recent consolidation. Unless the world comes unglued, the shares should rebound, but don’t expect miracles overnight.

I recommend buying Banco Bradesco at market. With Brazilian currency impacting the price today, you should be able to get in at a great price.

Once your orders fill, set up to sell half at my initial target of $6.00, limit, good till canceled, and sell the second half at my final target $6.45.

Set a stop loss for Banco Bradesco at $4.95, good after 10:30 a.m. ET only.

Jon Markman writes a daily trading newsletter, Trader’s Advantage, and CounterPoint Options, a service geared towards helping individual traders make steady, consistent profits with the VIX. Follow him on Twitter for his latest take on markets and innovation.