FNMAS | 2 Longs | No half measuresGeneral
FNMAS recently visited the bottom of the range. While i personally would prefered a dip under it - didnt happened yet - we shall see. So far i will stay on the sidelines aslong price didnt break above "Area 1".
Another potential buy for me would be if price breaks above the 50% of the range and generates a higher swing.
1. Long (Black arrow)
Price moves above "Area 1" and generates a higher swing (Generated Swing). I could also see a break above "Area 1", dip under it and another retake and then going higher. Doenst matter, the plan stays with the break above the "generated swing"
Target: A bit under the s/r level that also worked as starting point of the last downtrend.
SL: After we broke above the Higher Swing (Generated Swing) i dont want price to go lower than "Area 1"
Time duration: Days, weeks, months, years... ;)
2. Long (Blue arrow)
Price moves above the 50% of the range and generates a higher swing (Generated Swing). The 50% level should also hold or atleast beeing retaken shortly after dipping under it.
Target: Next s/r level that also was the starting point of the last downtrend in confluence with a bigger s/r level
SL: A bit under area 1
Time duration: Days, weeks, months, years... ;)
Good luck
Disclaimer:
- This information does not constitute as financial advice and is only for entertainment purposes. I am not your financial advisor.
- You trade entirely at your own risk
- Make your own research
- Finance and trading is evil, capitalism is bad, duh
Fannie
$FNMA/$FMCC Riding On Momentum From 2 Catalysts;Long Road AheadBoth Fannie Mae ( FNMA ) and Freddie Mac ( FMCC ) are rocking and rolling. Mnuchin's interview paired with the court of appeals' move against the Gov't have sparked more interest here. This is great and another potential catalyst today could add fuel to the fire.
HOWEVER, is there a motion likely before the election? I think the jury is still out on that front. We've got the election year to think about as well. My guess is short term momentum and hopefully, it retraces back to a higher support than its previous resistance range.
" So, are FMCC stock and FNMA stock penny stocks to buy or should you avoid them like the plague? In my opinion, there still needs to be some diligence had right now and don’t throw caution to the wind either...Should a Democrat beat the current incumbent, this whole “to do” may be scrapped entirely. Even though things are exciting now, make sure to keep tabs on the underlying risks and learn how to manage should those materialize...At the end of the day, if an overhaul does happen, Congress will lead negotiations. All these points mentioned would be up for discussion. Some of the more conservative ideas would most likely get taken out of the running. So, keep in mind that there are many unknowns, still. The fact of the matter is that these two penny stocks will remain under close scrutiny for the foreseeable future; this week being the next potential milestone to keep an eye on. "
Source - The Best Penny Stocks To Buy This Month? FMCC & FNMA
Does FNMA Have Enough juice To Keep Going?At this point FNMA might not be all speculation.
"This latest plan is to return the two back to private hands. But as part of the plan, there would be a Treasury backstop in place. But this hasn’t come without pushback. Senate Banking Committee Senator Sherrod Brown has issues with this plan. The concern stems from possible risks that could arise by giving up control." - PennyStocks.com, 2 Penny Stocks To Buy Or Avoid This Month: FNMA & FMCC
I think the government angle is something to pay attention to right now, personally. The closer a decision comes, the less "technical" and the more "headline" risk will play a factor.
FREDDIE MAC FMCCP GSE InvestorsSteven Mnuchin the Treasury Secretary.
His background and role to the 2008 crisis and of course deep connections with his boss, President Trump.
mobile.nytimes.com
Insight of a high probability return of investment on Fannie and Freddie preferred shares issued by Merrill Lynch, Morgan Stanley and etc. Right now 100 of billions of their profit (100 %) goes to the treasury department because the US government save their ass during the 08 crisis. The US government was sued because of the constitution's 5th amendment. With Steve on board he is likely to accelerate the process that have already began.
online.wsj.com
The entire process is gaining traction. The worst case scenario is the department of justice says "you cannot sue the government, they can pretty do whatever they want and write/rewrite the rules along the way."