Potential weakness below regression line until first fibonacci resistance 119-120, followed by potential break to new highs above 132.
Comments
Traderoo
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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
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Feb 04 bounce probably due to KORS positive growth.
Traderoo
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Regression channel is broken. It must get back above 119 very quickly otherwise more downside, possibly into the 90's.
Traderoo
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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.
Technically, this chart isn't really useful anymore due to the breach of the regression channel.