The Fibonacci grid measures the downward retracement of the rise from 28¢ on Nov 22, 2008 to $2.14 on Aug. 25, 2009.
| trend | adx | psar | pps | macd | macd trend | sto | sto trend | |
|---|---|---|---|---|---|---|---|---|
| FNM $1.16 |
Things have gotten decidedly strange on the earnings schedule.
The ThinkOrSwim trading platform has consistently shown the announcement as post-market May 6, until today, when it shows pre-market May 13.
The E-Trade platform shows the announcement as May 11.
I'm having no luck finding a date on the www.fanniemae.com website, although it's no doubt hidden in plain sight.
Someone asked the other day, in that "are you crazy" tone of voice, why I follow FNM so closely.
It's because I'm fascinating by a penny stock (116 pennies shares counts as a penny stock, right?) that's also a major financial powerhouse and that is broadly traded and continually in the market spotlight.
I consider to be a study of how a very low price impacts technical analysis in issues that otherwise behave like high priced major players.
Martin Pring's detailed deconstruction of the economic cycle: What sorts stocks to look for at each stage of the recovery. A masterful analysis.
Abbreviations:
psar - Parabolic Stop and Reverse
adx - Average Directional Index
pps - Person's Proprietary Signal
ma20 - 20-day moving average
macd - Moving Average Convergence-Divergence
mfi - Money Flow Index
sto - Fast Stochastic
About the glance: The colors indicate the state of each signal.
- trend: Determined by the 5-day moving average, green for up, red for down, yellow for sideways
- adx: orange for above 30-up, blue for 20-down, purple for in the middle. Red is most prone to whipsaws
- psar, pps, macd: green for bull mode, red for bear
- sto: green for overbought, red for oversold, yellow for the neutral zone.
New to private trading? Here's a look at How to Become a Private Trader.
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