You got to be kidding me oil is way over sold on the RSI. I know I made a TA for MRO yesterday but that's for the lower time frames. On the weekly, this is a freebie. BUT can we go lower first?
*Not financial adviser
MRO seems to be floating around 3.50 lately, however there is a lot of consolidating going on and the weekly shows this stock is oversold. We are now forming a rising channel on the lower time frame as well. A big move is bound to happen very soon possibly in the next couple days. Could be a dollar move. It's not easy to tell where this one exactly will be going...
EIX consolidating yesterday at support and today we move up and make our higher low on the 4h. Good bullish momentum. Scroll out and you can see a triangle forming. Should EIX break that resistance line, they'll receive continuation.
*Not financial advice