After the last crazy run, $FMCC has been consolidating till the new base is solid enough and established which we are very close to IMO. Last time, we consolidated for 7 weeks and now we have been consolidating for 7 weeks.

We might still trade in the current range till we are close to the earning, but we learned that once FNMA and FMCC start the launch, it is very hard to chase. So, IMO now is the time to accumulate.

I still think that we will reach the latest high sometime next month.

Cheers