Civeo's 15-Min Chart Shows RSI Oversold and Bullish Marubozu Patterns.

Civeo's 15-minute chart has recently exhibited a significant drop in stock price, triggering an oversold reading on the Relative Strength Index (RSI). Furthermore, the appearance of a bullish Marubozu candlestick pattern on December 2, 2023, at 1:45 PM suggests that the stock's rapid decline may have been unsustainable and that buying interest is likely to prevail. Given that fundamentals are supporting the stock at current levels, it is likely that bullish momentum will continue to propel the market upwards.