FOSL: ready to move upFOSL broke out of the wedge, backtested it and is now poised to launch higher.
FSL trade ideas
Fossil targets at 30% and 56% Fossil shows signs of bullishness
Targets at 30% and 56% from current prices
Good luck
Thanks for the likes and comments
$FOSL Fossil Group Risky Earnings Trade
Bullish divergence on indicators
broke above the 50day moving average
MACD bullish cross and reversal
Volume increasing
Much depends on commentary during call and guidance
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possible short squeeze ( 50% short interest)Please note: just sharing my view. its not a recommendation for buying or selling
Fossil Could Explode?Previous history says this trendline is fire haha. Just need to see. Decent financials though.
Potential outbreak: FOSLPrice has reached good support level and is potentially on turning point. Target price $9.11.
Stop below the support.
Fossil Group (FOSL) long.All description on the chart.
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FOSL Short IdeaSHORT NASDAQ: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.
INSIDER BUYING IN FOSSIL GROUP.----- ENTRY LEVEL$11.80 - PRICE TARGETS $12.80 - $14.00--------
COMPANY PROFILE
Fossil Group, Inc. engages in the design, marketing, and distribution of consumer fashion accessories. It operates through the following geographical segments: Americas, Europe, and Asia. Its products include men's and women's fashion watches, jewelry, handbags, small leather goods, belts, sunglasses, shoes, soft accessories and clothing which are sold through department stores, specialty retail locations, specialty watch and jewelry stores, owned retail and factory outlet stores, mass market stores, owned, and affiliate internet sites. The company was founded by Tom Kartsotis in 1984 and is headquartered in Richardson, TX.
FOSL - Watch Breakout and Buy on Retest to Next Resistance Watching for a strong breakout to confirm buy to next 2 levels. My stop will be executed with a close below 9.00.
Fossil Group, Inc. (FOSL) long.All description on chart.
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FOSL - Short Candidate #TriangleDescendingPattern #ShortFossilFOSL is currently in a Triangle Descending pattern.
--Bearish--
Triangle Descending Pattern
Short Float - 36%!!!
Weekly RSI
Weekly STOCH
Macro Environment
--Bullish--
Daily RSI
...
--The Plan--
Waiting for it to confirm trendline, and upon retracing will enter a short position through a hedged options strategy.
Will be seeking to hold short till earnings, and will seek a price target of $11.50 prior to earnings.
bounce from supportFossil took a turn from support and seems gng up as a positional buy if triggers the levels with 3-4 trading sessions.
FOSL short wiht too soon trailing stopWrite sometning about your psyhology thinking before trade? It is a good day I am a little tired so I have a bed time
Describe the trade. What you see? price will bounce from uppoer support and go down to resistance
What have I done well for this trade? enter point and dirrection ot the trade was right
What can I take away to help with later trades? you pull your trailing stop too soon
$FOSLLooks like some support has been found around the $22 area. I would like to see it clear downtrend line.
Finviz shows that there is still 26% short interest. Could set up for an explosive move to the upside with defined risk
Falling wedge within a falling wedgeWe will likely see the bottom of the purple wedge. Hopefully without making a bear flag. If we don't make a bear flag then we will eventually see the upside likely towards the high 20's
FOSL cup-and-handle pattern both on weekly & monthly and nice FaFOSl has been consolidating since Jan 2018 and for about 9 months formed a cup and handle for about 2 months.
It also developed nice bullish flag for about 2 months it is confirming on daily weekly and monthly timeframe FOSL
Look for breakout and upon completing the pattern the target is in the range of 55-60.
The breakout might come near earnings as well
