Bassett Furniture Industries Inc

BSET remains in a Stage 2 advance with persistent higher highs and higher lows, supported by strong demand. However, price is currently extended well above rising EMAs and in extreme overbought territory, making short-term execution unfavorable. Defer entry until price pulls back into the 9/21 EMA zone and shows acceptance, while medium-term bias remains bullish.

• ↑Q4 revenue reached $91.2M, up 5.1% YoY; wholesale sales climbed 8.3%.
• ↑New Copenhagen line sales surged over 50%; custom leather up 19%.
• ↓Sluggish housing market curbs consumer furniture spending.