Fannie Mae-No Politics (FNMA)

[kkpm]

Hey NT.

I am new to the board, and new to daytrading. More of a long term investor. Always liked companies that are troubled but have solid fundamentals and are cheap to sector. BAC is one that has treated me well.

Would like to know what indicators you use and what are looking to see in these indicators to help you determine resistance levels up and down in a stock before you take a position.

Having done a lot of studing over the last month on charts and indicators, I know I know just enough to be dangerous. So any information you can offer is greatly appreciated.

Have made several trades in fnma and by dumb luck are ahead. With the volatility in this ticker and my limited experience I know that gain will be tested.

Kudos to you and JJ8, Raindancer, VT, Reasonable and all the traders who freely share your combined knowledge and experience.

Like you, i work full time so trading is once or twice a week.

Presently holding only1k fnma over weekend at 1.47