FOSL has been in a downtrend since June 2021, when it reached a 52-week high of $6.08. The stock has formed a descending wedge pattern, which is a bullish reversal pattern that indicates a possible breakout to the upside. The stock has recently crossed above the resistance line of the wedge, which is a positive sign of a trend change. The stock has also formed a...
We've got a working trend line the price has nearly met, a nice little pocket of a wedge we're working to fill, a double bottom, and bottomed out fibonacci retracements... Might this be a good buy for a doubling or tripling of money, in the next year? This little wedge looks like it might take a number of more months to fill in, but aside from that? Of course.....
IH&S implied move is first green line and C&H 2nd green line is 2nd PT. 9EMA coming up and ready to push this higher. GL
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...
FOSL broke out of the wedge, backtested it and is now poised to launch higher.
Hello traders, this is new setup to trade this stock Thanks
Please note: just sharing my view. its not a recommendation for buying or selling
All description on the chart. Please, don't forget to like and follow. Thank you.
Have a great day all
All description on chart. Please, don't forget to like and follow. Thank you.
Ready to bounce to the lowest part of the channel ? The loss can be very small. Worth a try. Follow us to know more !