Earlier in June, we saw H&R Block $HRB break a triangle resistance. We noted that the breakout found resistance at a previous resistance pivot around $29.25. But we also saw bullish signs that suggest an eventual extension of the breakout. At first we saw a pullback. Now, price is indeed confirming the bullish breakout and adding to the likelihood of a bullish extension through the current $29.25 resistance. HRB Daily Chart (click to enlarge) Resistance Turn Support:- Looking at the daily chart above, we can see that after price pulled back to the previous resistance around $27.50, the market treated this level as support.- The subsequent rally with relatively strong volume suggests bulls are indeed in charge. Upside:- From the weekly chart, we can see that if price breaks above $29.50 area, it first opens up the $31.40-$32 resistance area. - Above that, the $37-$38 area represents the next resistance. - I had entered a long position after the initial breakout, around $27.55. - I would not mind adding to the position size if price breaks $32 and pulls back to $29. - But for now, I am planning to scale out at $37, and exit completely by $44. HRB Weekly Chart (click to enlarge)