Stock Technical indicators to notice in H and R.BLOCK (HRB.BE)
1- Last bullish trend was from 10.15 $ (3/8/2011) to 12.29 $ (4/8/2011) a 2.14 $ move 2- The current bearish trend started from 12.29 $ at 4/8/2011 and is currently trading at 11.85 $.
4- HRB.BE current resistance level is at 12.29 which is the 0.00 % fibonacci retracement of the last 2.14 $ move.
5- According to ADX Indicator, the trend is currently strong bullish,which is becoming weaker.
H and R.BLOCK (HRB.BE) Short term stock chart patterns for internet stock trading :
6- The Stock was supported by a support line, identified by two points: 10.150 and 10.030, and is currently supporting at 10.510.
H and R.BLOCK (HRB.BE) Mid term stock chart patterns for internet stock trading :
7- The Stock was supported by a support line, identified by two points: 10.150 and 8.920, and is currently supporting at 11.331.
H and R.BLOCK (HRB.BE) Long term stock chart patterns for internet stock trading :
8- The Stock formed Double Top Pattern at 9.950 that failed, and formed a support .
9- The Stock formed a 1.300 $ height triangle which was broken up at 10.080, target of the pattern is 11.380.
Stock Trading Conclusion:
H and R.BLOCK (HRB.BE) was trading in a strong bullish wave, which is becoming weaker .
Technical indicators and stock chart patterns show bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading .
Stock Resistance Levels : 11.95, 12.02, 12.07, 12.12, 12.29,.
Stock Support levels : 11.78, 11.47, 11.33, 11.22, 10.97, 10.51, 10.15, 9.88, 9.57,.