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Skullcandy, Inc. Message Board

picker.bottom 84 posts  |  Last Activity: Oct 26, 2015 7:30 PM Member since: Feb 26, 2010
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  • Potential Inverse Head & Shoulders pattern formation. Appears like this pattern is working on the RS, If it does rally to 2.6-2.7 level (Neckline)., break it on big volume.

    Approx. depth of head = $2, so potential PT would be

    PT = Neckline + Depth of Head = 2.5-2.7+ 2 = $4.5-$4.7 range

    Typically, there is 40% upside after the neckline break for this pattern before you see a 15%-20% retracement.

    I have posted the charts on StockTwits

  • Reply to

    Something gotta give...

    by picker.bottom Sep 3, 2015 1:35 PM
    picker.bottom picker.bottom Sep 3, 2015 4:28 PM Flag


    Working on the handle or RS... either way the first step is to break 2.18 and take out 2.20-2.40 resistance band. It came down in a hurry and will move in the same fashion to complete the above patterns. Once we get tot eh 2.7 area is when it can be the moment of truth...

  • picker.bottom by picker.bottom Sep 3, 2015 1:35 PM Flag

    On the 3 day chart... Breakout or Breakdown should happen very soon.

  • It has been challenging to the Elliot Wave count for this upward thrust since Aug-19th would be an understatement. But, I'm going take a shot at the wave count.

    We still don't know if this is a Wave-4 correction of the prior downtrend or a beginning of a new longer term uptrend (Wave-1), but what is important is where does the price go from here...

    Wave-i = 0.99-2.02

    Wave-ii = 2.02-1.28 (Approx. 61.8% retracement)

    Wave-iii=If we presume is extended, then will have these sub-waves
    Wave-1 of Wave-iii = $1.46
    1.28-2.74 (Five wave move)

    Wave-2 of Wave-iii = $0.74 so far
    2.74-2.00 (50% retracement so far), other potential targets are (61.8%=1.84)

    Wave-3 of Wave-iii (Most powerful move) = How do we know it started? It prob. will start with a gap up and never look back...(assuming $2 was the Wave-2 low)
    Minimum PT 1.618 * Wave-1 PT1 = 2 + 1.46*1.618 = $4.36
    Alternate PT 2.618 * Wave-1 PT1 = 2 + 1.46*2.618 = $5.82

    Wave-4 retracement (Assume range of 23.6%-38.2%, but could be less)
    Minimum Wave-3 PT = $3.46-$3.8
    Alternate Wave-3 PT = $4.36-$4.92

    Wave-5 is generally equal to 0.618 * Wave-3
    Minimum Wave-3 PT = $4.92-$5.26
    Alternate Wave-3 PT = $6.72-$7.28

    Wave-iv: Will project as we get more clarity
    Wave-v: Will project as we get more clarity

    Well... we will see how the price acts tomorrow. The 2 possible options are...

    1) Gap up and never look back, break of 2.35-2.4 would be first sign to jump in. A break of 2.73 in an impulsive manner will confirm the count and Wave-iii has started.

    2) Open around today's close or gap lower to $2 level or down up to $1.84 and reverse strongly and follow as above...

4.23+0.16(+3.93%)Dec 1 4:00 PMEST