Replies to post #18883 on Freddie Mac-No Politics (FMCC)

[ospreyeye]

FMCC Chart.....Bullish Piercing Line Reversal Pattern forming today......sweet bounce off MA(20)/Middle Bollinger Band @ 0.51.......

MA(10) @ 0.71 is the next resistance level......Fat Sto @ 35.06......a ton of juice to run.......the key for FMCC is to hold the Middle BB support.........

Stocks trading between the Middle BB & the Upper BB are in an uptrend......the Upper BB is resistance & the Middle BB is support......FMCC bounced off Middle BB support & has remained in the Uptrend....very sweet!....

Bullish Piercing Line Pattern is a bottom reversal pattern. A long black candlestick is followed by a gap lower during the next day while the market is in downtrend. The day ends up as a strong white candlestick, which closes more than halfway into the prior black candlestick’s real body.

FMCC on Bullish Reversal confirmation radar........$$$