BSET - Likes Printing Higher LowsI imagine another higher low to be printed on this chart for BSET on this weekly timeframe.
Just as the previous higher low was printed.
Bull continuation can then proceed.
BSET trade ideas
BSET - OBVIOUS SUPPORT 3M CHART - GOOD FINANCIALS All,
I think this is a tight stop loss buy here and hold it for at least 15-30%. No debt, PTs 25-35, sales and EPS killing it, P/S 0.36 and P/E 9.16. Pretty nuts actually. Surprised their PT is so low. I would think 45+.
Bassett Announces 12% Increase in Quarterly Dividend & Increase BSET: Bassett Furniture Industries, Incorporated
2021-07-15 09:00:00
Bassett Announces 12% Increase in Quarterly Dividend & Increase to Share Repurchase Authorization
BSET Channel Breakout off .786 retraceIs this the next $HOME? Another furniture play. Price moving strongly off important $5.00-$5.50 level which is also a .786 retracement of the move up off the April lows. All oscillators looking strong to me, momentum clearly favoring the bulls. Depending on how you draw the descending channel, the breakout is either imminent or has already occurred. Moving averages are confirming move to the upside is imminent with 20 SMA above 50 SMA with a 5/20 cross appearing likely to occur on the next trading day. I would have to guess this one moves up nicely over the next few days although be mindful of the gap at $6.8.
Also management buying recently: finviz.com
BSET looking down - short it -BSET has been on raising trajectory for the past few years. It looks like top is on the daily charts. I think it is a rectangle top, however, you could classify it as a head and shoulders. The chart has broken a trend line and attempted to re-attack the trend line. The MACD is breaking down on the weakly chart and rolling over on the monthly. Stoch RSI on the weekly and monthly has already confirmed. Most ominous sign is the breakdown
in the on balance volume.
suggest setting up an alert for $34.05. If it breaks below that, open a short position.
weekly
monthly
