Mr Cooper Group Inc (COOP)

[JusticeWillWin]

The candle yesterday belongs to no special pattern I think. As I explained in a previous post, on last Thursday the chart formed a "Bullish Belt Hold Pattern" and following this we got that long white candle on Friday.

This page states, we also had a "Belt Hold Pattern" yesterday (not bullish, not bearish, only a belt hold pattern).

http://www.bullishinvestor.com/markets/stock_quote/?s=WMIH&view=b

But from my point of view, this is nothing special and occurs many times, whereas a "Bullish Belt Hold Pattern" occurs in a down trend and signals a reversal (which worked very well on Thursday )

But at the moment the weekly chart is more promising than the daily:

http://stockcharts.com/h-sc/ui?s=WMIH&p=W&b=5&g=0&id=p13019533725

The candle that was formed last week is a "Bullish Engulfing Pattern", which usually is a very strong bullish signal and lifted the WMIH chart already many times up (on the weekly basis), for examply end of Nov. 2013 or Feb. 2014, and we still have 4 days left for this week, and 2,69$ looking good at the moment.

In the daily chart, the RSI is very bullish, and the MACD changed into positive range yesterday, so I think the chances are good to break the 2,75$, which acts as resistance. And not to mention that extraordinary accum/dist line...