FOSL - Short Candidate #TriangleDescendingPattern #ShortFossil

FOSL is currently in a Triangle Descending pattern.

--Bearish--

• Triangle Descending Pattern
  
• Short Float - 36%!!!
  
• Weekly RSI
  
• Weekly STOCH
  
• Macro Environment
  

--Bullish--

• Daily RSI
  
• ...
  

--The Plan--
Waiting for it to confirm trendline, and upon retracing will enter a short position through a hedged options strategy.
Will be seeking to hold short till earnings, and will seek a price target of $11.50 prior to earnings.