another late night. Tempting to see what will happen in US market after today rally in Asia and especially HKSE (440 points..wow) will tomorrow retrace, most likely since it had been rally in last week and extended to this week. Anyway let's focus in US market. Since one of my friend is holding Freddie Mac so i did a quick check of this counter. it retrace once last week and seem like it will do it again (see attached picture) base on the today performance which it going down of it trend, volume and MACD is divergence.
Volume it lower show it momentum is getting weakening so if i brought it below 1usd last time, i will take some profit and buy back later.
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Target buy : 1.752usd base on fibonacci retracement untill it confirm this support line is strong
Target Sell : 2.0usd
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My target margin is low because i'm not a long term invertor for this account and close to 10% margin will be good for me. I trade Freddie for only short term, as you know this counter have no fundamental at all now this equal to high risk to me.
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I have an issue to make the picture or photo bigger so you can see the details, any advice??
Hoep you make some banus this week and enjoy
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