Fossil weak in December

70 4 0
Potential weakness below regression line until first fibonacci resistance 119-120, followed by potential break to new highs above 132.
Bounced recently, perhaps due to short covering in advance of earnings Feb 11 (2 trading days away). $FOSL often beats on earnings.
Technically, this chart isn't really useful anymore due to the breach of the regression channel.
Traderoo Traderoo
Feb 04 bounce probably due to $KORS positive growth.
Regression channel is broken. It must get back above 119 very quickly otherwise more downside, possibly into the 90's.
Still looks weak.
- Below 10MA & 20MA on daily
- Above average volume on mostly selling over the previous week
- MACD still points down.
I wouldn't short it but its not a buy yet.
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