Fannie Mae-No Politics (FNMA)

[FaithfulAndTrue]

Based on the chart, I believe we hit $5 with the end/modification of the sweep this month. $5 is the initial target from the 2019 pattern we broke out of. By mid next year, I think $9 is realistic based on the longer-term pattern we broke out of from its 2013/2014 beginnings.

I think what isn't pointed out is that the charts tell a lot about what the value of the common stock is. We have been baking valuations for a decade, so the minimum upside is predestined in the chart. I think that minimum value is $9. I'm in the camp that they can be valued a lot higher pending certain criteria, but from the chart's point of view (assuming the shares are treated fairly) $9 is already in the cards.