Both FRE & FNM demonstrate the same chart patterns and move into consolidation phase after heavy trading last month. Both stock prices are above 20D, 50D and 200D MA but volumes are dropping.

FNM 61.8% Fibonacci support level at $1.483. It is a good entry level for long term investment if the stock price stays above this support line.

 

FRE & FNM have been heavily traded recently and this is a very good chance to do momentum investment. Both charts are very similar which showing “higher previous high, higher previous low” kind of up trend.

FRE has a $1.718 support line (61.8% Fibonacci Retracement)

FNM has a $1.472 support line (61.8% Fibonacci Retracement)

Both charts are currently bearish divergence and need to wait for MACD to cross the red signal line to enter the trade.