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...
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...
