don`t miss this opportunity - this formation has clear stop and target!
Very small gap. Nice retest potential. GREAT location. Breaking out of a pennant and accumulation phase. Watch for a retest in the first 10 mins or so.
Bearish trend...Let's see what she does!
$OCN will not proceed higher until the "#1 Supply" signal from 2014.02.19 flips to "#1 Demand". Even though a longer term #4 Demand signal calculated yesterday, alignment is needed first. I am still holding. I will loosen up my stops. Outside chance of a test down. A "D" distribution signal will let me know if there is a test down coming. These scripts are...
If OCN opens above 10.97, Retest Gap. If PAY opens below 5.68, Gap N Go. To learn to trade these strategies for free go to www.RealLifeTrading.com
$OCN Ocwen LONG on pull back and low supply. See s/r levels and demand/supply signals. Long at $8.56, Stop under $7.37
OCN - OCWEN FINANCIAL and NSM - Nationstar Mortgage tend to lead/lag with each other and this time OCN reported earnings first and has plunged. NSM reports soon and could follow the fate of OCN and head south to catch down to the drop in OCN. NSM - 29.96 last OCN - 26.82 last Tim 2:20PM EST Monday, 8/4/2014