Fannie Mae-No Politics (FNMA)

[SynthTrader]

That's currently the 20-DMA, so I'd expect some serious support in that area. If the prices manages to drop below, then 50-DMA is at $1.11 but I doubt it will break far below that. Of course, there's the "psychological" share grab that could happen at a break below $1. That's where the MM's force the price below $1 to break the will of those who have a round number set as their stop-loss, then they grab all the automatically generated sells and let her go back up.