Franklin Resources, Inc.
做空

BEN descending triangle, potential breakdown

193
This asset managment company was in strong uptrend since September 2013 from $45 and topped at $58.86.

That trend was broken with steep downside move. Stock found support at $50-51 area from one side and resistance zone at $54-55.

BEN was underperformer with SPY just 2% off the highs. It means that if bounce scenario will come into play this range may resolve to downside. Recently, it have built Descending triangle.

Selling area is $52ish then $54
Target $51 then $50 and then mid $40ish area.

免责声明

这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。