NO PDT BROKER

Sunday, January 5, 2014

FNMA Epic Run Update

1/5/2014 update
Wrote about FNMA first here :
http://peterpanstocks.blogspot.com/2013/10/fnma-3rd-epic-run-coming-10.html
Since then FNMA has risen over 100%+  and i believe there is more to go.  pretty good return on your $$ wouldnt you say?

Also a billionaire hedge fund manager Bill ackman invested 10% in FNMA and FMCC
maybe my blog post sparked his interest ;)    ( you never know )

Currently the stock is small ranges consolidation  and im looking for the first reversal green bar volume day
would like to see a 20mill+ vol day.
I do believe this will be a jan play runner also the chart is beauty  makes a move consolidates which is really bullish setting up nice support areas for this stock

stock runs  pulls back digests and runs again  next run when it breaks 3.50 i think its gonna see 4.50-5  then some more consolidation before next leg

I will look to get in when i see a sign of reversal with volume

First picture daily chart 2nd weekly chart

I still believe this can see 10-15 when it gets running again

Check out $AAMRQ  everyone thought this was done for this bankrupt stock went from .40 to 7 then crashed to $2 then rips to 13 over the next 3 months  insane-  this was all news based and merger business but still  people think its over then bam starts creeping higher



1 comment:

  1. Would you be willing to chat about some of the charts you've used, for a story I'm researching on recent volume in OTCBB stocks? if so, can you AIM me at TKMarkets? thanks for any help

    ReplyDelete