HRB is setting up for a break out of recent consolidation as we approach tax season where companies like HRB & INTU are the busiest. I suspect these companies will do well as individuals and companies are going to require help reconciling tax rule changes + trading gains from last year.
That said, the trigger to go long is a break of the Feb Value Area, $48...
should've made sense, less people filling taxes, more people on gov't assistances. unemployment, early retirement, covid, stimulus checks. this could lead into a bull flag breakout at 29.50 holding w/ support. This could lead into a 50 percent return from 25-26.50 area to $50 if you play the long game 3-5yrs. Not a bad return. Think of it as owning your own tax...
H&R Block started rallying in May. Now, after three months of consolidation, it may be starting to move again.
The first pattern on today’s chart is the price level at $37.53. It was a previous high from November 2015 where HRB bounced in October and earlier this month. Has old resistance become new support?
Next is the falling trendline along the highs of...
$HRB is sat right under a key pivot, over which it hasn't traded since 2014/15 - there are clear signs of strength and definitely worth keeping on watch
Based on the SMA 20, 50, 200; RSI and MACD this stock is considered to be overbought and it is way above its mean in the short term. Taking a short position right now may result in decent profits or a put option of $30 strike price expiring in one month may be a good opportunity. HRB reported good earning and also have dividends leading for early investor to take...
HRB entering extreme resistance zone, kind of dangerous to take a long here now. congrats to people that added at the recent lows though!
above 37.52 we can see continuation to 44.2-55.17
Here’s the daily timeframe follow-up on H&R Block analysis.
1. The stock is still on an uptrend as price has regain the losses seen in the last week of Apr and beginning week of May due to the overall bearish market weakness.
2. Price have gone above 8/21 EMA indicating the strength of its momentum. Prices may pullback due to profit taking but given the...
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...
$HRB- H&R Block at support of multi year support. If it breaks 19.22 resistance and holds, then I can see it running at least $4. Just an observation, the last two times this multi year resistance was touched, there was a nearly 1+ yr rally (see pink arrows on chart).
