With SPY erasing all the weeks’ gains during last night pullback, FOSL remains resilient to the general market weakness, outperforming with a +9.38% cumulative gain for the week.
FOSL is currently treading with its previous high volume upper trendline resistance (broken out) as its immediate support zone, confluence with a classical support level at $10.40.
The immediate price test for further upwards momentum for FOSL is at $14.00, a classical resistance established in September 2019; some 14 months ago.