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Skullcandy, Inc. (SKUL) Message Board

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  • onepoint272 onepoint272 Nov 30, 2012 12:44 PM Flag

    Is it time to buy SKUL?

    A WEEKLY LOOK

    The price is currently over-extended to the downside on the weekly chart. A = 16.75, B = 11.84, C = 14.58, then an AB = CD was 9.67. But it fell further, to a low of $7.70, which was just under a a Fib 1.382 extension = 7.79. So, it got over extended and bounced this week. It put in a higher low this week and the volume expanded from last week.

    So, putting the monthly and weekly together, it appears the 78.6 extension on the monthly 8.63, may be a stopping level based on the weekly action. But, longs should remain nimble and not get complacent, imo.

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8.163-0.037(-0.45%)12:20 PMEDT

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