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 PLEASE GIVE US A LIKE IS THIS IS HELPFUL TO YOU.
Please note: just sharing my view. its not a recommendation for buying or selling
Previous history says this trendline is fire haha. Just need to see. Decent financials though.
Price has reached good support level and is potentially on turning point. Target price $9.11. Stop below the support.
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Have a great day all
SHORT 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.
----- 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,...
Watching for a strong breakout to confirm buy to next 2 levels. My stop will be executed with a close below 9.00.
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FOSL 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...
Fossil Group has been in a parallel channel and we can see a possible short position with the stock.