lowtrade

[lowtrade]

After so many charts and evaluations on your FNMA stock. I should try to summarize charting in general and FNMA action spicifically.

We started with short term charting, The single bottom bounce or down channel. Then I posted a mid term chart, to support short term and now I posted long term for more support.

When charting always use the latest short term chart first. Then depend on the mid term for decision assistance and last use the long term.

Gave up on the short term channel bottom bounce when lower trend line broke down.

I haven't given up on 2.95 as bottom yet. Because the mid term chart showed a strong resistance level at 3 bucks. Still a good chance that will prevail.

If mid term resistance falls also next hope for a come back is long term target.