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Skullcandy, Inc. (SKUL) Message Board

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  • onepoint272 onepoint272 Jan 4, 2013 11:53 PM Flag

    Jan 4 Landscape

    Because of the timing of the recent sell-off, Jan 2nd, the monthly volume for January will be high. Therefore expect that January's low will get retested. February should be a good month for a low-volume retest. The point is intended for the non-traders, you may want to take special consideration of the possibility of trading out of SKUL on a January bounce and buying back in February.

    If you take a line drawn from the low of Oct 2011 to the high of Aug 2012 and move it to the current low you would find that it intercepts the top channel line (mentioned previously) at the yearly pivot price of $11 about the 1st week of November. Granted this would be the ideal of symmetry, but thought it might be worth noting.

 
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