Replies to post #692398 on Fannie Mae-No Politics (FNMA)

[MrTraderJoe]

Not too far away. Fannie is stair-stepping down following Freddie. Give it a day or two.

You're a charts guy...when do you see this going below $1 buck?

[Starmocity]

I posted this the other day.

Starmocity Friday, 08/13/21 05:55:58 PM
Re: None 0
Post #
692124
of 692403

Joking aside, good news is these levels have historically been good support , lowest hard support at 0.98c and hard bounce from there. If by any chance this cracks 0.95c, in my opinion this will be lights out and we could see ranges 0.80c to 0.20c


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Based on the sell pressure we could hit 1.00, 1.01, 1.02 by Friday if the trend continues. I am still looking for a reversal signal to jump in because it will pop quickly because we are nearing sell exhaustion on the chart. Now if more bad news comes out, technicals are out.