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Post# of 797136
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SynthTrader

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SynthTrader

Re: JohnCM post# 47827

Thursday, 05/30/2013 10:36:04 PM

Thursday, May 30, 2013 10:36:04 PM

Post# of 797136
Yep, the first run in March took FNMA up to 1.47 and then a -65% pull-back to touch the 20-day moving average at .51. She bounced from there to the upper bollie around 1.00 and then consolidated until the 2nd run. Up to $5.44 and then a -70% pullback to today's low of 1.60

Give it a couple days, and we'll probably see a touch of the upper bollie before settling into a consolidation pattern again. That's my guess, based on the chart. If she gets a big dip below the 20-DMA, then the 50-DMA should hold up like a champ:


I am not a promoter or professional stock trader. I'm a regular guy who enjoys stock trading to make (or lose) a few dollars. I am only responsible for my own trading foibles, not yours...do your own DD.

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