% | $
Quotes you view appear here for quick access.

Skullcandy, Inc. Message Board

you are viewing a single comment's thread.

view the rest of the posts
  • onepoint272 onepoint272 Nov 20, 2012 4:55 PM Flag

    OnePoint - Technicals?

    On the daily chart it has printed F at the low of Nov 13th at 8.27. It then printed two higher lows and is now printing lower lows 8.14, 8.11, 8.06. So far then, 8.06 is "G". If it prints a higher low tomorrow than 8.06 would definitely be the G point. It could certainly bounce off this level.

    But if it puts in a higher low followed by a lower low then G would be renamed to C (a restart C) and the next lower low after higher low/s would be a D; which has a high probability of bouncing.

    It's just sliding along the top of the support line of the long term downtrend channel and it feels like it's dying by a thousand cuts. But it's holding the top side of that channel-support line and it did hold the Weekly S1 level again today and the volume is light.

    We have a long series of clustered closes now which should lead to an explosive move one way or the other. If the shorts were in control, or there is some short conspiracy as some theorize, they could have whacked it today on this light volume. BUT they didn't. So today was NOT bearish. Also, it closed above yesterday's higher volume I hope to see a retest of yesterday's high at $8.60 in the next day or so.

    Daily pivots for tomorrow, Wed, Nov 21st are:

    R3* = 8.71
    R3 = 8.56
    R2 = 8.44
    R1 = 8.29
    Pivot = 8.17
    S1 = 8.02

    SortNewest  |  Oldest  |  Most Replied Expand all replies
4.17+0.10(+2.46%)10:52 AMEST