Replies to post #23757 on Fannie Mae-No Politics (FNMA)

[jbem777]

Why use a 60 minute chart instead of a daily? The daily looks like momentum is decreasing. While I am no expert, I believe a 60 minute chart is more indicative of a single days stock pattern while daily and weekly charts show the overall trend. I agree with your 60 minute analysis just not sure it continues into Monday.

[Pharaoh-1]

$FNMA 60 min Chart Breakout - closed above 50 MA.

Link back for the chart.