We are getting into Fannie Mae (NYSE: FNM) this morning. After what appears to be a recent bottom we are seeing confirmation of upside momentum in Fannie Mae (NYSE: FNM):
Recent bottom in Fannie Mae (NYSE: FNM):
Volume has been building in Fannie Mae (NYSE: FNM), which is showing us strength:
Stochastics for Fannie Mae (NYSE: FNM) are also in excellent position for a continued move to the upside:
Our daily chart is showing upside momentum:
Our 15 minute chart is also showing momentum in Fannie Mae (NYSE: FNM):
We are anticipating a strong move to the upside in Fannie Mae (NYSE: FNM), which we we will see confirmation forming in our Weekly chart, whereas the Stochastics will start to turn upward forming an upward trend:
Our PHILS X2 chart also just turned blue, which signals institutions are buying Fannie Mae (NYSE: FNM):
We are seeing tremendous upside potential in Fannie Mae (NYSE: FNM), it is above resistance of $1.52, with the next resistance at $27.37! We will be following Fannie Mae (NYSE: FNM) with a tight trailing stop of about .10:
$2.19 (09/25/08)
