H&R Block seems to be gaining momentum looking at the weekly timeframe.
A daily timeframe chart follows…
1. Although price crossed the 10/30wk MA several weeks ago, it is still rising despite the difficult overall downtrend market which signifies its strength.
2. Looking at the Supertrend indicator, the regaining of the Buy-signal from the Sell-signal shows that buyers are overwhelming sellers which have resulted in a huge rise in price.
3. The white Relative Volume Pro indicator shows a high probability of stock accumulation.
4. Green bars on the Volume Weighted-Elder Impulse seems to reflect similar bullish price sentiments.
5. There could be a pullback from profit taking; stoploss at $29
A daily timeframe chart follows…
1. Although price crossed the 10/30wk MA several weeks ago, it is still rising despite the difficult overall downtrend market which signifies its strength.
2. Looking at the Supertrend indicator, the regaining of the Buy-signal from the Sell-signal shows that buyers are overwhelming sellers which have resulted in a huge rise in price.
3. The white Relative Volume Pro indicator shows a high probability of stock accumulation.
4. Green bars on the Volume Weighted-Elder Impulse seems to reflect similar bullish price sentiments.
5. There could be a pullback from profit taking; stoploss at $29
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.