Replies to post #89600 on Fannie Mae-No Politics (FNMA)

[~ NT ~]

All the 'Technical' problems that this ticker is facing is coz of this:

The post run / correction phase should have been kept in the 2.50 - 3.00 range (considering the previous consolidation and the last run). With an absolute bottom (after the correction) touching 2.00.

The big boys pushed it down to 1.30 (bottom after correction on the daily).

Then the highs around 2.00 and lows below that - That made it very difficult to put levels on the chart - Keeps testing support so often.

Good for traders coz it offers many opportunities. Bt just saying.