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FOSL

Fossil Group (NASDAQ: FOSL) Forming a Descending Wedge Pattern 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 golden cross, which is another bullish signal that occurs when the 50-day moving average crosses above the 200-day moving average. The stock is now trading above both the moving averages, which are acting as support levels.
NASDAQ:FOSLLong
by DEXWireNews
Yuuuge possible upside from... $FOSL?!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.. it can always continue to trade sideways, too. But worth a glance! Thoughts? *Not trading advice.
NASDAQ:FOSLLong
by UnknownUnicorn1935796
US Stock In Play: $FOSL (Fossil Group Inc)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 $10.40. The immediate price test for further upwards momentum for $FOSL is at $14.00, a classical resistance established in September 2019; some 14 months ago.
NASDAQ:FOSLLong
by jfsrevg
Double Bottom Bounce On Fossil Group $FOSL Coming...Shares of Fossil Group Inc (NASDAQ:FOSL) have been caught, like every other brick and mortar retail company in some heavy selling pressure. Sales appear to be in a continual spiral as shoppers move online. Sentiment is overly bearish which is why I am looking for a long trade. Stocks like Sears Holdings and J.C. Penney have all been hammered. However, aggressive investors may have a swing trade opportunity on the horizon by buying shares of Fossil Group Inc at a double bottom price of $23.25. There will likely be a hard technical bounce here as investors buy the beaten stock. The upside is is possibly as high as $30, but investors should use a trailing stop as soon as they are 10% in the money. Keep a tight stock and exit if Fossil Group Inc closes below $23.00. See my trades here: verifiedinvesting.com
NASDAQ:FOSLLong
by jenny_rebekka
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