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Peet_Serfontein
Apr 12, 2023 6:28 AM

BEN: remaining above its 200-periods Long

Franklin Resources, Inc.NYSE

Description

Notice how the stock remains above its 200-day, -week and -month simple moving averages, acting as major support.
Above 27.00 supports a bullish trend direction.
Increase long exposure for a break above 28.00.
The upside target is set at 31.00 (upper range of the Bollinger bands).
Stop-loss set at 25.00. Negate the trade for a break below this level.
Time horizon for the trade idea is over the next couple of weeks to months.
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