H&R BLOCK GAINING MOMENTUM
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
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