Bearish potential detected for BEN

Sep 7, 2025

Entry conditions:
(i) lower share price for BEN along with swing of DMI indicator towards bearishness and RSI downwards, and
(ii) observing market reaction around the share price of $12.44 (open of 23rd June).

Depending on risk tolerance, the stop loss for the trade would be:
(i) above the potential prior resistance of $12.84 from the open of 11th June, or
(ii) above the potential prior resistance of $12.90 from the open of 11th July, or
(iii) above the declining 10 day moving average (currently $13.02), or
(iv) above the low of the range of day prior to the gap-down (1st September) of $13.10.

Sep 13, 2025

Trade active

UPDATE (week ending 12-Sep): Trade activated on 8th September, with sideways price action for the remainder of the week respecting both 10 and 30 day MA's to the downside. Market reaction around the share price level of $12.44 remains intriguing though - should a further re-test of this level occur in the upcoming week, observe the market reaction once again in addition to the indicators such as DMI/ADX and RSI.

Sep 20, 2025

Note

UPDATE (week ending 19-Sep): Price action appears to still be deciding what it wishes to do, testing the 30 day MA but unable to break away from it. The gap above appears to be acting as a significant resistance area at this stage - charts suggesting to maintain stops in accordance with entry conditions.

Sep 27, 2025

Trade closed: stop reached

UPDATE (week ending 26-Sep): Stop triggered on Tuesday 23rd September, with charts suggesting to close out the trade.