Contextual immersion trading strategy idea. The Dixie Group, Inc. manufactures, markets, and sells floorcovering products for residential and commercial applications in North America and internationally. The demand for shares of the company looks higher than the supply. This and other conditions can cause a rise in the share price in the next days. So I opened...
The Dixie Group, Inc. engages in marketing, manufacturing and selling floorcovering products. The company operates through the following segments: Floorcovering. The Floorcovering segment comprising of two operating segments: Residential and Commercial. Its brands include fabrica, masland residential, dixie home, atlas carpet mills, and masland contract. The...
DXYN: The Dixie Group, Inc. 2018-10-10 04:00:00 The Dixie Group Announces Final Phase of Unification of Atlas | Masland Contract
This is a textbook Elliot wave impulse move to the downside with clear alternation. We are clearly on a wave 5, however, I'm not quite sure if we have completed the wave yet. It appears to be close to popping out of the channel, which suggests sellers are drying, but usually wave 5 is equal to the length of wave 1, so I'm waiting to see what happens after...