FOXF has been trading horizontally for a few months forming a flat top wedge (bullish) pattern. I expect this may continue until next earnings (Nov 2) wherein the wedge may break bullish. I'll be watching the pattern until then. As well, many technical indicators are showing weakness from the horizontal trading, and I consider the stock now at a buy point...
Shorting FOXF!! Currently 40.64 Stop loss 41.73 , Target 32.13.
short lines indicate possible sl, stop buy and tp. A limit buy at the long horizontal red line might also be possible.
FOXF breaking higher, longs at weekly demand and monthly demand zones around 33 and 27.50 price areas. Clear bullish bias with new demand imbalances and levels being created.