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FBFRX Stock Tickeron detected bullish Mutual Fund Pattern: Triangle Symmetrical Bottom on June 14, 2024

A.I.dvisor
at Tickeron.com
07/03/24
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Triangle Symmetrical Bottom
FBFRX - Franklin Managed Income R6
Emerged: 06/14/24
Breakout: $12.53
Price: $12.37
Target price: $12.77
A.I.dvisor detected a bullish Triangle Symmetrical Bottom pattern for FBFRX stock. This pattern was detected on June 14, 2024 . The odds of reaching the target price are 6. The Symmetrical Triangle Bottom pattern forms when the price of a security fails to retest a high or a low and ultimately forms two narrowing trend lines. As the support and resistance levels consolidate, they form a triangle. Consider buying a security or call option at the breakout price level. When trading, wait for the confirmation move, which is when the price rises above the breakout level.
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General Information

Category ModerateAllocation

Profile
Fundamentals
Details
Category
Moderate Allocation
Address
Franklin Investors Securities TrustOne Franklin ParkwaySan Mateo
Phone
N/A
Web
www.franklintempleton.com