Oversold??

[Day_Trader]

Hi guys. What is the general feeling on FOS? Looking at the technicals it seems severely oversold at current levels. I know rising interest rates as well as inflation is putting a damper on retail shares but the selling seems overdone. Any thoughts?

[barry_1]

Possibly,one i've watched for a long time,but with high interest rates,buyers are holding off,as they discount the present price against future clothes purchases.It might be worth a punt,but there is no hurry,Only my opinion ,but wait till downward trend starts moving sideways at least for a month before considering.

[SimonPB]

I ahve zero view on FOS (never even opened the chart). But I do like the comment from barry, no rush. Bottom pickingis high risk, wait for some confirmation and get into a lower risk trade that can still pay good profits.

[Day_Trader]

Thx guys - will do so.