Fannie Mae-No Politics (FNMA)

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** $FNMA 6/18/13 Chart Analysis **

Wonderful strong close here @ $1.90 EOD on 6/18/13.
Recently confirmed very solid support at $1.50
Was in a bearish trend of closing below the MA 10 and MA 20. Now we closed back over MA 10 today. Cleared it by $0.04. Beat the $1.89 resistance from historical candle highs and lows. Next obvious resistance will be right about $2.10. If we can get a close over MA 20 tomorrow that would be MASSIVE for the chart. MACD turning bullish as the bearish MACD has already reached its peak. %B is still below .5 which is always an obvious buy on this stock. We saw a huge amount of buying today as orders were absorbed all day on the bid with a lot of ask smacking. Closed exactly at its HOD so that says gap up to me. I'm expecting a test of $2.10 will be imminent.


$FNMA

Recent $FNMA chart analysis' I've done:

6/7/13 chart analysis
6/10/13 chart analysis
6/13/13 mid day chart analysis
6/13/13 chart analysis