FRGOX Stock Tickeron detected bearish Mutual Fund Pattern: Head-and-Shoulders Top on May 06, 2024

A.I.dvisor
at Tickeron.com
05/10/24
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Head-and-Shoulders Top
FRGOX - Franklin Gold and Precious Metals C
Emerged: 05/06/24
Breakout: $15.83
Price: $16.3
Target price: $15.03
A.I.dvisor detected a bearish Head-and-Shoulders Top pattern for FRGOX stock. This pattern was detected on May 06, 2024 . The odds of reaching the target price are 6. The pattern forms with a center peak (the Head, labeled 3) and left and right Shoulders (1, 5). Eventually the security stops testing highs and reverses trend into a decline. Consider selling a security short before it declines or buying a put option to benefit from the price decline. To improve success chances, wait for a confirmation move: allow the price to break below the Neckline level (2, 4), which is calculated as the average of the two lows between the Head and the Shoulders.
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General Information

Category PreciousMetals

Profile
Fundamentals
Details
Category
Equity Precious Metals
Address
Franklin Gold & Precious Metals FundOne Franklin ParkwaySan Mateo
Phone
N/A
Web
www.franklintempleton.com