Watching carefully
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It will only be healthy for the stock it if pulls back first.
Not back-peddling.
As sarcastic as the guy that I replied to.
EDIT: Nicely done on deleting your post LOL
You wrote that I was back-peddling fyi.
No it hasn't. Nice try with that bogus article.
If it had, the PPS would be $40+ right now
Fannie has always filled its gaps. This one is no different.
No, I meant $243.00
Yes, or even lower. Here are my reasons:
- GAP needs to be filled at $2.43
- RSI still too high at 82
- Bearing candle on Friday.
That was nothing. You should see the PMs he sends.
3rd failed attempt at $3.50. It needs to retrace.
RSI too high as well.
Gap and Trap. Classic.
small 90 cent dip here we come!
With all the stop-losses triggered, it will test the $2.43 support area.
You set you order too high, $2.40 will hit to close that gap.
This isn't news LOL
I feel honoured that you believe I made up those rules.
Happy trading tomorrow.
Look again.
Gap at $2.43
http://stockcharts.com/h-sc/ui?s=FNMA
5 green days in a row
http://stockcharts.com/h-sc/ui?s=FNMA
The may run was epic, and we all know what happened after that 7th straight green day
There were a BUNCH of gaps then, not just 1 LOL
FNMA always has filled its gaps, unless they were triggered by news/events.
When the government comes out and says they will release them from cship, then that gap will never get filled, but this one will
It was at $2.60 and no one thought we'd see $1.85 again but we did.
FNMA always fills gaps.
Good luck,
Vt.
Slowly but surely we will get back to $7 and will that gap too
But gaps like that, triggered by news events, don't need to get filled, it will though, FNMA is headed up
This is the week we've all been waiting for. It's now or never IMO.
Go ASAB!
Considering that there is a gap to be filled, the RSI is over 80 and the candle in Friday was bearish, I am almost certain we will fill that gap before heading upward.
Plus 5 straight green days? That doesn't happen often now does it?
We all want it to go up, but it won't go up everyday.
It has to retrace no matter what.
vt.
Not an entire dollar. That would be bad. The PSAR is at $2.30 and we dogt want that to flip do we...
Regardless of who bought where, the gap will get filled
Cheers,
Vt.
Gap must be filled regardless of your opinion.
Long live Fannie!
I like your weekly graph
I was talking about the daily of course :-P
Lol look again. There's a gap at $2.43 that most certainly has not been filled. It will probably fill on Monday IMO.
Also, RSI needs to reset.
Cheers,
Vt.
Interesting. You may have a point there.
Great video chart. Thank you.
Depends what, and if, we get news over the weekend.
I'm still expecting the gap at $2.43 to get filled.
Although, like today, always play the price-action. When I saw the gap was not getting filled today after that amazing bounce, I bought-back at $3.22 then I sold at $3.42 when the resistance was mounting. I was ready to jump back in at the close, but it was too weak, so I did not.
Even if you are expecting an event to happen (gap-fill) you still have to play the price-action where ever it may be headed.
Good Luck and have a great weekend,
vt.
That wasn't the close I was looking for.
What a nice surprise close. Maybe they are setting it up for next week.
GO ASAB GO!
LOL@replying to yourself
I saw that too. Looking at 2 charts, getting 2 different lows!
If they closed the gap, good.
If they didn't, bad.
We will see after the close what really happened.
Yes, doing what I can, flipping while I can.
LOL - Seriously awesome bounce!
It could reach the $2.30s IMO
Either way, the gap at $2.43 will get filled today.
LOL! Not yet You know the magic entry level.
*cough* *cough* $2.43 *cough* *cough*
Hi NT, nice to see you here.
I sold earlier at 3.45 and now waiting for the gap to get filled at 2.43
LOL yeah, that's how it works
We will all make money long-term. Right now, the RSI is too high and there is still a gap at $2.43
Stop-losses will start getting triggered...