HRB will release after market close tomorrow with estimated earnings boasted at 5.22. This is a whopping 39.9% increase from 3.75 actual earnings last year.
Just like last year, we can expect huge volality on Wed 06/13.
TA wise, to the down side, HRB is hitting the daunting yellow trendline. It's also wandering inside the resistance yellow region which it failled to break out the last 2 times, but now with the addition of the heavier burden of the yellow trendline mentioned.
Other than these 2 clues, I can't get a consistent wave count.
So this is the very unique time when the price movement will be completely determined by the earnings release. But if I have to speculate, I'll go with the downside.
2 confluent resistances to break and 39.9% increase in earnings to beat! No kidding!
Just like last year, we can expect huge volality on Wed 06/13.
TA wise, to the down side, HRB is hitting the daunting yellow trendline. It's also wandering inside the resistance yellow region which it failled to break out the last 2 times, but now with the addition of the heavier burden of the yellow trendline mentioned.
Other than these 2 clues, I can't get a consistent wave count.
So this is the very unique time when the price movement will be completely determined by the earnings release. But if I have to speculate, I'll go with the downside.
2 confluent resistances to break and 39.9% increase in earnings to beat! No kidding!
Comment:
Trade closed: target reached:
closed at 24.5