Despite the anticipation of FRE taking over the business of sister Fannie, FRE is showing a bearish wedge/ ending diagonal. Stochastics are very overbought. Volume spiked to the upside, but this isn't to be taken as a sign of a breakout.
It's not going to be pretty the next couple of weeks
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.