Trent.klarenbach

FOSL Short Idea

Short
NASDAQ:FOSL   Fossil Group, Inc.
SHORT FOSL at 12.52.

This one is a bit out of my comfort zone and will be a new strategy for me.

With the 200 DMA and YTD VWAP nearby overhead, and the previous candle a TD 9, I consider this a low risk trade.

My gut tells me to wait for a red 2 below the red 1 before entering.

And one should always trust their gut.

My stop will be above the recent high.


Trade active:
Still active but it really shouldn't be.

Always trust your gut.....

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