FOSL trade ideas
FOSSIL Cup and HandleLong 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 could take some time before reaching the targets mentioned above.
FOSL Bull Flag breakout on watch 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 come in, and for the top trendlines to break on the RSI and/or Price. I know nothing about the political environment or history of this company but the chart looks great, please let me know your thoughts.
Short the shortsqueeze in fossil.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.
FOSL Did Prove Me RightAs 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.
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