Fannie Mae (FNMA)

[Jayman1980]

Bullish continuation pattern developing in the candles if a white candle comes through for us tomorrow. Characterized by one white candle, three descending red candles with the third hitting support of the first candle. Confirmation of this pattern will be, if we get an equal or greater than white candle tomorrow, in comparison to the first white candle. Go ahead and look on the daily, this pattern has developed before many major breakouts Fannie has made. IF I were short, and this closes with that white candle in the 3.90's, I would be nervously covering. Like I said, look at the history of the daily chart and you will see it (around) March 24th, 2014/ Feb. 18th, 2014/ Nov. 10th, 2013. So on and so on, you can find them before breakouts. Indicative of MM's pinning us down accumulating for somebody. Think about what happened around those dates, institutional ownership stated. Not saying we are gonna get it, but history shows that it is a profitable pattern for longs and traders. Again, today, NITE and CDEL all over us like flies on S**t.