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FluxTrades
Nov 29, 2021 4:30 PM

$YELP - Consistent Channel Trade Long

Yelp Inc.NYSE

Description

I've been trading this ticker for a while now, simply due to how consistently it moves!

We've trading within this channel for nearly a month now, and after a brief slipup due to Omicron, bulls are back in control and we've started our ascent back towards the top of the channel.

We can consistently trade this name from the $35 low all the way up to $41 high, with the potential to reach up to $43. If you're entering with options, make sure you give yourself ample time as YELP is a slow mover, and you don't want theta to punish you.
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