Mr Cooper Group Inc fka COOP

[JusticeWillWin]

Successful Cup and Handle BREAKOUT, big gap closed, 2 remaining gaps

The big gap (yellow area) got filled, a new one has been created in the $11.54/$11.65 range, and a very small $0.02 gap is in the $8.88/$8.90 range (purple areas)

Explanation of Cup and/with Handle pattern:
1) https://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns:cup_with_handle_continuation
2) https://www.investopedia.com/terms/c/cupandhandle.asp

The price target based on the TA is the height of the cup ($5.04), from the point it broke through the lid (the dashed orange line) of the cup ==> TA price target $16.55 now IMO


Both gaps could be runaway gaps, which never get filled, but of course it is possible that there is a small correction back to the lid of the cup (the dashed orange line)...


$COOP daily chart:


I AM LONG COOP! NO INVESTMENT ADVICE!