SetupConviction 21LongFinancialsScan · Fri, Oct 9, 2026
Falling trendline breakchannel
Franklin Managed Municipal Income Trust (PMM) closed at $5.82 (+3.37%) on Oct 9, 2026. It is in the "Setting up" lane with a falling trendline break pattern. Price is below its 50-day and below its 200-day moving average. RSI(14) 53, RS Rating 30, -11.8% from its 52-week high, -6.1% year to date. Sector: Financials · Asset Management.
PMM·$5.82+3.37%
ResistanceSupportVol 14
63 bars
StockSetups
5.25.45.65.86.06.26.46.6S 5.45
Vol MA14 296.3K
Jul 14Jul 30Aug 18Sep 3Sep 23Oct 9
Trade plan
LongReward : Risk2.00
Entry
Entry
5.83
Risk
Stop
5.64
-3.3% to stop
Reward
Target 1
6.22
+6.6% to target
Stretch
Target 2
6.60
+13.2% to T2
Risk : reward balance
Risk to stopReward to target
Levels are derived from the pattern's structure (resistance, support and ATR) — a mechanical plan, not financial advice. Size positions to your own risk tolerance.
FRANKLIN MANAGED MUNICIPAL INCOME TRUSTAsset Managementwww.putnam.com ↗
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