FNMA Monthly looking like it may be wanting to break outFannie Mae looking to break out of an 11yr budget...
Full disclosure, I've owned this stock for years scaling in and out hopefully this is the start of a big move
FNMAS trade ideas
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
$FNMA looks like a great long term buy at these levels$FNMA looks to have just found support at the bottom of a wedge after correcting from a long term downtrend. Should price get above $3.52, it looks like the next target could be $17.58.
R/R is great from these levels with 17x+ upside for 20% of risk. Stop at $.69 and move up as price rises from here.
Fannie Mae 2000-2021.According to the book Good to Great by Jim Collins, the stock achieved a fifteen-year result 7.56 times higher than the market in the 20th century. I want to update that comparison with 21st-century data to see how stocks have progressed further. For more details see my blog, an article should come out soon on this topic.
Fannie Mae 1984-1999.According to the book Good to Great by Jim Collins, the stock achieved a fifteen-year result 7.56 times higher than the market in the 20th century. I want to update that comparison with 21st-century data to see how stocks have progressed further. For more details see my blog, an article should come out soon on this topic.
Don't Fight the Fannie FNMA longShowing very bullish movement off of a long basing bottom pattern. Developing into a Cup n Handle breakout on all time frames. Interesting from a fundamental aspect as well since they are now a company with profits. I like it long long as it continues to look bullish on the shorter time frame set ups. GL all
FNMA vs XLF reveals 100% upside? Looking at the FNMA vs XLF chart, without getting too precise, you'll see the general correlation between XLF and Fannie Mae. Since the COVID lows, XLF is +70% and FNMA is at near 0%, and, FNMA is oversold at a support area. Long FNMA.
FNMA has preparing itself for an explosive move upwards.Squeeze has been released as indicated by a grey cross above the red bar on the Squeeze Momentum Indicator.
WaveTrend Oscillator indicates an upcoming reversal to the bullish side.
A look at Fannie Mae's long term rangeFannie Mae is setting up to be an interesting rectangular chart pattern. At some point FNMA will breakout and it'll be a high probability trade. Until then, the range lows offer an interesting long set-up with targets at the top of the range. This could take 2-5 years before breaking out (or less/more). From 1970 - 1986, FNMA did nothing except trade in a range before finally breaking out. Just a good one to keep an eye on, potentially a good indicator for the broader market as well - everytime Fannie Mae hit the lows of the range the broader market was a great buy.
Percentage increase from the lows of the range generated a strong average return since 2013
Next Target 1.00Similar to my analysis on FMCC this is in lockstep with the overall market I see it losing about 50% in the next week or so. The only way this can go back up is to get out of conservatorship. The administration is dealing with other issues and if they don't get elected this could linger for years as I don't see Biden doing anything to help these two companies that have trillions of dollars of assets under their control.
Fannie MAE on breakout watch Federal National Mortgage Association is a government-sponsored company, which engages in the provision of liquidity for purchases of homes and financing of multifamily rental housing and refinancing existing mortgages. It operates through the Single-Family and Multifamily segments. The Single-Family segment offers liquidity to the mortgage market and increase the availability and affordability of housing for single families. The Multifamily segment includes guaranty fees on the mortgage and on the multifamily mortgage loans. The company was founded in 1938 and is headquartered in Washington, DC.
FNMA Daily - looking to retraceBeen a long term investor in FNMA (over a decade) and this is a long term investment in my portfolio, currently on the daily it has hit a supply level and formed a bearish pin bar with RSI divergence, so looks likely a short - medium term retracement is here
Typically strong divergence this means the price will retrace back to at least the 20ema if not the 50ema which is a little bit below current price and also coincides with a monthly triangle breakout level which could form part of a retest of this multi year key level
I'm looking for the retest to happen within the next 2 weeks to confirm a monthly breakout of a multi year triangle - which funnily enough coincides with a decision on the removal of the governments controversial 'net worth sweep' ruling in 2012 and allow FNMA to build capital again - which will inevitably increase the intrinsic value of FNMA
This would mark the start of the entity being moved back into public hands and if this aligns with a monthly breakout then I suspect we will see rapid and strong growth in this stock which will likely last years
Given the legal controversy and negative perspective written by the press who mostly do not know the history of FNMA and the false pretenses that it was somehow responsible for the GFC, (it was a scapegoat to bail out fraudsters at banks - who paid massive fines back to NFMA/ treasury - with no admission of wrong doing of course!)
it is a high risk/ high reward play, but steps are being taken to increase capital through retained earnings and this can only lead to a higher value of the entity
FNMA Big Picture Triangle BreakoutFNMA Big Picture Triange Breakout on Monthly Chart
Long term MA's are about to cross as well in the next few months so hoping it retraces back down for a retest over the next few months and then climb further if their balance sheet starts to improve through retained earnings
The issue is going to be when it is listed what the impact of any dilution will be to existing shareholders
FNMA Fannie Mae: The Road to Recapitalization
Trade Ideas · Featuring Gaby Heffesse
its just for me to track real vision trade idea . its only for journal purpose.
$FNMA/$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
