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Skullcandy, Inc. (SKUL) Message Board

  • benshometownflooring benshometownflooring Nov 10, 2013 10:43 PM Flag

    OP...

    What's the chart teeling you. Looks like we've lost our buyers and maybe our support.

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    • I'm not OP and definitely don't purport to be a technical wizard, but a low volume test with sharp rebound of the support (mid-$5.80 area) seems predictable to me and a buying opportunity for a trade back up to the resistance (mid-$6.70 area). I don't actually trade in and out, because I really don't have the patience for that and generally hold value positions like this for a number of years, but if that was my game, I'd have had my buy trigger in at the $5.80s for a trade.

      • 2 Replies to charlesmoscoe
      • Yes, the low volume test last Friday was a 279k test of the Jump-over-Creek (JOC) price, $5.85, the low of Sept 20th. That day had 1.81M shares traded. It promptly rejected that price. Intraday on Friday though it left a high-volume low. It may want to test that again. If it comes into 5.85 again, or near to it, on lower volume than 279k that would be real bullish.

        It's having trouble getting back inside the Halloween bar, the day after the ER, with a low of $6.05 with 655k..

        The low of the tweezer candles of Oct 8th and 9th was 5.71 on 518k. The 200 DMA is currently 5.72. The monthly pivot support-1 level is at 5.70.

        The 200 DMA has never yet sloped up. It is getting very flat though. Seems to be asymptotically approaching 5.70. It will be psychologically pleasing when it goes flat and begins to slope up.

      • I concur with Charles. Friday was a good buy in day. It bounced at 5.85 on low volume... Those would be great buying opportunities (5.80's).

 
SKUL
10.37+0.20(+1.97%)Jan 23 4:00 PMEST

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