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Fossil Group Is Likely to Return to Its Base Pattern

·1 min read
Fossil Group Is Likely to Return to Its Base Pattern
In this article:
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  • FOSL

In this daily bar chart of FOSL, below, we can see that prices traded in a long sideways pattern from late March. The range was fairly narrow and very old chart watchers (maybe older than me) would call it a "line" pattern. In addition to the narrow range of activity the trading volume was very light and the On-Balance-Volume (OBV) line was very flat to declining.