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.
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