FOSL is currently in a Triangle Descending pattern.
Triangle Descending Pattern
Short Float - 36%!!!
Waiting for it to confirm trendline, and upon retracing will enter a short position through a hedged options strategy.
Write 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...
Looks 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
FOSl 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 timeframeFOSL
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
Long term Cup and Handle formation for FOSL.
If the bullish wedge currently forming the handle breaks out, the stock should try to fill the gap between $37 and $39, which would be a good place for initial profit taking.
Based on the size of the cup and handle formation, around $59 should be a final price target.
Remember this is a long term chart pattern and...
This stock has been chugging up for quite some time now. Analyst price targets are around $35 and it looks like it may actually get there. The stock has made what looks like a textbook bull flag setup. If for whatever reason the bull flag is a mirage, there is still visible support at the 50 day moving average. Right now we just have to wait for some volume to...
As we see here on the chart of the FOSSIL Group Inc. stock, i thought of investing a few euros into the stock at 12 usd a share. Sadly i didnt take the shot and now we can see the stock rising daily. My analysis was taken on the real value of this stock and its ready to even go to a higher point.
As you can see on the chart there was a huge short squeeze in the stock fossil 2 weeks ago. I bought put options a week ago. I see the stock go back to 9,5 dollar on short term. Long term when management is not able to do a turn around, stock will eventually go to 0.