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Tuesday, August 15, 2023 10:31:30 AM
Looking at the daily chart for COOP, it seems like one of 3 things will happen...
1) Test the former high (Feb 2022) of 52.34
2) Test the former high (Jul 2023) of 55.13
3) Reverse and start back up short of either of those to prices.
IMO
#1 (if it holds) would be normal activity for an uptrending stock
#2 (if it holds) would be bullish
#3 would be extremely bullish
IMO, a stock has to test former highs before continuing the uptrend in a healthy manner. Like many here, I would love to see the stock climb straight up, but it would make it more vulnerable to a crash later.
Markets have to 'breathe'. IMO, this stock is merely taking a breath.
NO RECCOMENDATIONS - just talking chart theory.
DISCLAIMER: NO TRADING ADVICE INCLUDED - EVEN IF YOU THINK I AM A WEASEL AND AM SURREPTITIOUSLY TRYING TO SNEAK SOME ADVICE OUT THERE IS NO TRADING ADVICE INCLUDED - FURTHERMORE, THERE IS NO TRADING AVICE INCLUDED. ALSO, THERE IS NO TRADING ADVICE INCLUD
Recent COOP News
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/30/2024 08:07:34 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/24/2024 08:36:48 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/24/2024 08:33:25 PM
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- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/24/2024 08:26:19 PM
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- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/15/2024 10:47:32 PM
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