Take a look at the 1-year chart of Franklin (NYSE: BEN) below with my added notations:
BEN has hit the $42 mark (red) as resistance multiple times in the past month. In addition, the stock has been climbing a trend line of support (green) since mid-October. Eventually, the stock will have to break either the $42 resistance or the trendline support.
The Tale of the Tape: BEN is winding up between two key levels. A long trade could be made at the trendline support or on a break above $42. A break below trendline would be an opportunity to enter a short trade.
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