Franklin Resources Inc. ( NYSE:BEN ) has kicked off fiscal year 2024 on a robust note, showcasing its resilience and adaptability in a dynamic market environment. The financial results for the first quarter ended December 31, 2023, surpassed expectations, with adjusted earnings per share of 65 cents, marking a stellar 28% year-over-year increase. Let's delve into...
- Pulled back to the to a fib level which is also a previous support. - a bounce move can get to 31$ which is where it meets the upper resistance
Buy at retest area.Classic! Wyckoff Price broke resistance and retest the resistance turns support area
An interesting chart showing W patterns. This is a bullish pattern or kind of neutral in my eyes. Only bullish when the right arm is experienced. W patterns everywhere!
Trading Idea 1) Find a FIBO slingshot 2) Check FIBO 61.80% level 3) Entry Point > 26.6/61.80%
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...
The PEAD projected a bullish outlook for $BEN after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 50%.
Franklin Resources, Inc. is a publicly owned asset management holding company. Through its subsidiaries, the firm provides its services to individuals, institutions, pension plans, trusts, and partnerships. It launches equity, fixed income, balanced, and multi-asset mutual funds through its subsidiaries. The firm invests in the public equity, fixed income, and...
The PEAD projected a Neutral outlook for $BEN after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 85.71%.
The PEAD projected a Neutral outlook for $BEN after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 33.33%.
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Triangle Breakout for a Target of T1 & T2 T1 being Height of Triangle T2 Being Height of Pole
Spotted a running flat Elliott Correction wave on BEN. This could be a good weekly earnings play.
$BEN broke out of a bull flag on the hourly timeframe. Watch for continuation to the upside. Let me know what you think in the comments and leave a like if you agree with my analysis! 👍🏽
Historical Price Oscillator for "Ben Franklin" :)
Hey traders, FRANKLIN RESOURCES is in a bullish channel with large buy volume issued and a long legged doji. In the TIMEFRAME M1 we observed a hammer candle with an abnormal volume of purchase made, it goes to VWAP. There's a good chance she'll break it hard to get to the next high with a price breakout. We can go and test the top of the range and the breakout if...