Replies to post #405589 on Mr Cooper Group Inc (COOP)

[wamuvoodoo]

Charts .farts... this stock along with all wamoooo stocks could never be read w.these soo called charts , reason being all wamooooo stocks are heavily manipulated by the powers that hold em...just like they did a magic show with kmart...I told Rosen personally don't try a kmart on us , but it semi worked....we will soon see

[barefoot123]

Hey Blue

I agree that most of the time they come down and close the gap, but not always. After the crash I bought Bingham Petroleum around a buck. It was trading around $18 before the fall. One day it had a gap up in the mid $3 range and I sold waiting for the gap to close, but it never looked back. The climb continued, but I wasn’t going to chase it. I think it was eventually acquired by a larger company. I lost a bundle by not staying in.

I don’t know much about charts, but not sure I see a gap. Thursday opening lower than Wednesday close, and Friday opening about even with Thursday close.

[JusticeWillWin]

Bullish Belt Hold Pattern

I totally agree with you about the bullish trend. On Thursday, the "Bullish Belt Hold" pattern was formed, which resulted in a big white candle on Friday.

http://www.investopedia.com/terms/b/bullishbelthold.asp

But up to now, we don't have a gap. But on Monday, we could gap up big, with or without news. If a third big white candle will be formed then, we would see the "Three (Advancing) White Soldiers" pattern, which could rocket the PPS to a new all-time high.

http://www.investopedia.com/terms/t/three_white_soldiers.asp

RSI at 54 at the moment!!! And "Full Stochastics" also looking very good! Looking forward to Monday :-)