benjihyam

$FNMA looks like a great long term buy at these levels

Long
OTC:FNMA   Fannie Mae
$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.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.