Long 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
. 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.
