Replies to post #327283 on Fannie Mae-No Politics (FNMA)

[Zargis]

If we were to close with another large jump tomorrow, $1.60 is currently a blocking point that would need to be overcome. (Resistance)

I would not feel good if we bounced off of it and closed under that level, after another bullish day tomorrow.

$2.00 is possible, but difficult with how FNMA tends to only move 20-30 cents maximum on most given days, unless there is substantial volume.


Be well,

-Zargis

[Straightline]

When did you predict it would go to $1.00?