Replies to post #67933 on Fannie Mae-No Politics (FNMA)

[~ NT ~]

My momentary concern is the MA 10 crossing the MA 20. Short term downtrend. Plus increasing volume on red days. Not a good sign.

News / Buzz can push it either way though.

We also need to account for those 'hopeful' Monday's.

Anyways, lets capitalize Monday / Tuesday. Gonna be a good ride.

I used to hold overnight during the run sometimes. Went 'all in' at 1.20 coz it was run confirmation and close to the previous sideways point.

Now, during this sideways period and the swings, I only flip intraday.

[JohnCM]

"The MA50 about to cross ABOVE the MA200. This is very good."


I am not certain we can apply ANY charting rules to this unique stock.

My bet is that $1.50 is the lead pipe lock support. IMO


I hope I am right .....