FNMA Daily Chart: Bullish Engulfing reversal pattern formed Wed........SAR had a bullish flip......MACD hooking up & headed for a Bullish crossover.......RSI cruising in the Bull zone........DMI w/ADX Bullish crossover on deck.........Fast Sto entered the above 80 Power Zone.........Full Sto ready to follow suit..........nice spike on the volume indicators.........
Wed.'s close was just below the closing price on Nov. The 21st........2.92 was the closing price on the 21st as well as the HOD(high of day) on Wed........this was not a coincidence.........2.92 is the key level to close above........it's also the Upper Bollinger Band......Wed.'s close was the highest close since the 21st........there's plenty of juice to push through the Upper Bollinger Band and retest 3.50 resistance.........if/when FNMA closes above 2.92 you'll know it's Showtime.............$$$
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