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 accumulation volume on Relative Volume Pro, the pullback, if any would likely be small.
3. If the pullback goes below $29, it would suggest a larger correction otherwise, prices may see more gains.
4. If the pullback is marginal, given the price momentum and the buyers bullish sentiment, more shares could be added especially if upside recovery is fast.
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 accumulation volume on Relative Volume Pro, the pullback, if any would likely be small.
3. If the pullback goes below $29, it would suggest a larger correction otherwise, prices may see more gains.
4. If the pullback is marginal, given the price momentum and the buyers bullish sentiment, more shares could be added especially if upside recovery is fast.