15.07.2014 - Downward tendency of Fossil shares continues

The price of Fossil Inc. after it failed to overcome the upper limit of the downward channel, started correcting downwards and broke the lower border of the local correctional corridor. At the moment the price is trying to fix below the nearest local minimum, and in case of success, we recommend to open short positions with the targets of 99,20 and 91,40. In the medium term, according to our estimates the downward trend will continue.

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