Cosco – Breaking Out from a Falling Wedge?

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Can this breakout successful from a Falling Wedge? Target Price for successful breakout is $1.30.

Things to watch out:

  • 20D Crosses 50D MA to show the bullish strength.
  • Return of the trading volume.
  • The next higher high has to be more than $1.15 (61.8% Fibonacci Retracement Level) to show an uptrend. A higher low has been formed ($1.05 with reference to $1.00).
Continue ReadingCosco – Breaking Out from a Falling Wedge?

U.S. lifts $400 billion cap for Fannie, Freddie – CNBC

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U.S. lifts $400 billion cap for Fannie, Freddie – CNBC

FRE 

Immediate Support: $1.036
Immediate Resistance: $1.297

FNM

Immediate Support:  $0.917
Immediate Resistance:  $1.132

 Things to watch out:
  • 20D MA crosses up 50D MA – A bullish sign.
  • Whether FRE & FNM can stay above the 200D MA
  • Whether FRE & FNM can show a higher high & higher low uptrend pattern.
Continue ReadingU.S. lifts $400 billion cap for Fannie, Freddie – CNBC