Fannie Mae-No Politics (FNMA)

[DevilDolphin]

Close below the 50DMA and break through tomorrow but shorts will attempt to hold it down. Some will cover though adding to the accumulation that has occurred between 1.40-1.70 the last few weeks. Hold above the 50DMA with lines crossing the on the MACD indicates Bull. All other indicators are giving very bullish trading signals as well. Throw in the release of fins on August 8th and its the perfect storm. I'm looking for PPS to top off around $4.00 as last run to $5 pulled back fast and hard which will intimidate some would be potential buying. All just just my humble opinion.