Mr Cooper Group Inc (COOP)

[Lawson Digest]

Now we need to watch the trading next week to confirm that this is the bottom of the cup and handle formation. We can still push all the way down to test $3 and still have a viable C&H, or we could see it continue to fall next week.

http://stockcharts.com/h-sc/ui?s=WMIH&p=D&b=5&g=0&id=p90883042043

To confirm C&H: We need a breakout point set which can only happen when we watch trades early next week. I think we'll see a lot of hesitation as we approach the final week of March.

To confirm bearish reversal: a second top that does not breakout and then collapses below $3. One day of closing up isn't enough to predict either.