Asset management firm Franklin Templeton along with the other financials have recently hit fresh highs. A 30% rally since late July currently seems to be consolidating into a small bearish Diamond Top formation. Bullish signs: a golden cross (the shorter moving average crossing above the longer moving average) has occurred and a modest buy-volume spike. Bearish signs: RSI and stochastics seem overbought. OBV seems like it is topping; since volume precedes price, trade in direction of this indicator.
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