Fannie Mae-No Politics (FNMA)

[rjanderson383]

I had a buy order at 1.63 which was the 50 DAY Moving Average (support)

After I saw that it was coming down quick, luckily i removed the buy order. I don't often like to not hold overnight with FNMA because I don't want to miss out on a possible run the next day.

However today I tried to relax and realize that from a TA standpoint, a stock closing at the low of the day will most likely drop more tomorrow... at least in the morning... vice versa if it closes at HOD.

I think we test the 10 DAY MA tomorrow around 1.54... I think I will be looking to buy around 1.55 If it breaks, I will sell.