gowithetf

YELP - Long

Long
NYSE:YELP   YELP INC
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YELP gaped up big on the open today with huge volume . A close above the Fibinoci 50% and the moving average would strong.

Careful that the gap ($68) doesn't get tested before going higher.

Comments

I wish i saw this chart in May, as i would have entered on the pin bar at 52 on the liquidity grab, especially after seeing how the down move was slowing down with the stair case pattern. It was a low risk trade because buyers came in on the high volume spike early May, then their stops got taken out so you had to be biased long after that.
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