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H&R Block, Inc. Message Board

  • mainer77 mainer77 May 20, 2009 2:38 PM Flag


    If 14.55 begins to break higher, the technical summary data tells us to buy HRB just over 14.55, with an
    upside target of 15.94. The data also tells us to set a stop loss @ 14.34 in case the stock turns against the
    trade. 14.55 is the first level of resistance above 13.94 , and by rule, any break above resistance is a buy
    signal. In this case, 14.55, initial resistance, would be breaking higher, so a buy signal would exist. Because
    this plan is based on a break of resistance, it is referred to as a Long Resistance Plan. JMHO!!!!!!!!!

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