BSET Channel Breakout off .786 retrace

Is 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/quote.ashx?t=BSET&...

Komentar:

Looks like Inv. H&S setting up with nice reversal candle off top of parallel channel which coincides nicely with the 50% retracement, as well as the the all important $6 level.
I think this one should see +$8