FRANKLIN RESOURCES INC

If break of the neckline happens, first target is the red 37. the second 34ish area

An intraday, 1 hour, back tested analysis for long position. Details on the chart.

BEN pulled back into Market Support Profile support. Buy it off Market Profile Support here. Aim for an 8 to 1 payoff

Has been in a period of consolidation, should it close above the support -- should rapidly close gap to targeted exit box

Long Stop-Limit 42.08, Stop 39.28, Target 47.48, R/R = 1.93, Move to B/E at 44.22

Ben Franklin Buy Possibility

Sharp money has positioned themselves in BEN calls since mid November and have recently added with January 2017 and January 2018 calls, targeting 50% retrace of the 2015 high to 2016 low at $45. $41.50 is roughly the next resistance level, with $39 a decent stop loss level. BEN weekly chart is in a bull flag, fighting the 100 period moving average above. A break ...

1) Support has become resistance 2) Declining Volume 3) Strong stochastic sell signal - stochastic > 80, %K crossover %D 4) Q1 earnings in 2 days - slower growth expected Trailing stop once I enter 0.5R profit zone

@1simpletrader $BEN on the verge.

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 ...