MRO heavy volume and tightening rangeMRO 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 at the moment.
Bulls have advantage because they are above the 55 purple moving average line.
Bears have divergence on the RSI and the MACD looks freshly red but could change if bulls show up tomorrow.
If bulls move more above the EMA lines I would change from neutral to long and buy.
*Not financial advisor
