Fitbit: Beside the rumors of hostile acquisitions
Updated
Fitbit had interesting breakout signals last days and some folks on TV had this on the radar, well done guys!
I think Fitbit there's still the chance of an outcome for the 0-ABC bear flag pattern (here in orange) but the company had a good newsflow the last month and if prices turn above >>>7 $<<< per daily close Fitbit shall procede to 10 $. Ok, I got to admit it's more a feeling than an accurately analysis.... :)
I think Fitbit there's still the chance of an outcome for the 0-ABC bear flag pattern (here in orange) but the company had a good newsflow the last month and if prices turn above >>>7 $<<< per daily close Fitbit shall procede to 10 $. Ok, I got to admit it's more a feeling than an accurately analysis.... :)
Note
Indeed this didn't fit with FitBit since approaching $ 7 but here is still little chance technical baears had enoughBesides this the stock is already single digit so next worse scenarios if one not cashed out with partial gains at $ 7,00 could be a split or a hostile acquisition... but as retailer I have no news on such an impact
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