Bullish on REI ?end of classic 3,3,5 correction

$3.28 is at the 0.618 mark of wave 1 length for wave 5, next area of support is in the 1.20s... RSI already been in oversold for awhile with possible bullish formation of bullish divergence (higher low on RSI with lower lower in price). Morning star forming on weekly chart (wait for Friday close), hammer on daily on 6/19. Strong rating on E trade with "strong buy" rating from reuters. Current geopolitical climate with fossil fuels potentially favorable for an American exploration company?