Fannie Mae-No Politics (FNMA)

[FaithfulAndTrue]

This is a very risky point to sell. All we have done is gone back to test the resistance we broke through now as support. This is not manipulation, and no one is trying to hold the stock price down; it's trading psychology. If you look at a lot of breakouts on stocks, the price action tends to do this time and time again.

With that said, this is the moment of truth. If we are going to have a failed breakout, we'll probably know this week. But the opposite is also true. My money is on the latter because of everything that has transpired recently.