Franklin Bsp Realty Trust had a nice pop today and is currently up 3.15% we'll see if the cash keeps flowing in. FBRT is near a weak support line. We'll see if it bounces off or heads lower. It's definitely important to take into account the directional momentum, so let's be honest Franklin Bsp Realty Trust has looked terrible. Buyers haven't seemed that interested, sellers keep dumping, there's been a lot of
better places to put your money. It doesn't make me feel that optimistic about getting a solid bounce off of a line like this. If you do get one, I'd move your stop losses up with it. Owners of the asset have lost -25.10 percent over the last year. If the price moves back up it'll probably hit pockets of sellers who
want to break even and exit the position.
If the price bounces off of the support and moves up it'll probably head up to the $8.97 level, at which point it may hit some selling pressure. There aren't very obvious support levels beneath this point. So put those stop losses on, this thing has room to fall if buyers don't come in at this level.
