Mr Cooper Group Inc (COOP)

[Lawson Digest]

RSI + MACD says bearish reversal forming. I think this will test the 50-MA again this week, and if it dips below, then that dark cloud cover only needs a bearish doji to confirm a trend reversal.

Interestingly, the recent Mar 1st - now bullish swing reflects activity across markets, and not necessarily just WMIH. My prediction is unfortunately pessimistic, with the majority of equity here being dumped throughout March. This is opposite of the energy of the board, and I understand that this is probably hard to stomach.

Let's help each other out, here. Let's play Devil's Advocate on this so we can start managing our expectations.

Here's my hypothesis: MACD will cross by Friday and PPS will drop below 50-MA. This will trigger panic selling that will only push the PPS further down (or could level out back up at 50-MA with a lot of confidence from buyers).

Someone earlier said they were going to take out a home equity loan to buy more shares. In my opinion, that's a sure-fire road to potential suicide.