Replies to post #28619 on Fannie Mae-No Politics (FNMA)

[rjanderson383]

Well, the Parabolic SAR has given a strong buy signal.

Also the MACD is about to cross giving a strong buy signal.

ADX is close to 40 which signals a strong trend with the recent increase in pps.

Aroon shows there is a strong trend upward.

americanbulls.com/SignalPage.aspx?lang=en&Ticker=FNMA

Americanbulls.com.... the link above mentions to still STAY LONG. No pattern exists. Charting and candlesticks currently have no indication for a movement up or down.

Basically, today may have been a simple sell on news. One day out of a series of many isn't enough to prohibit or alter a Bullish trend , which has begun.


Some indicators such as Scholastics and Williams%R are invalid to use because they are historical priced based indicators and are somewhat flawed for strong uptrends.