YELP is displaying a bearish triangle pattern, which will lead to downsides. However rising MACD is contradictory to this analysis and suggests that momentum is moving upwards. Time will tell what we see from this.
YELP is facing strong resistance ahead of its earnings.
The Stock's price is below 35-36$, which is a strong weekly Zone that includes the weekly downtrend line and 3 weekly MA lines (including the 200 weeks MA line).
The scenarios:
- Bearish:
If YELP will remain below the current Resistance Zone (probably will gap lower), it can slide all the way down to...
Yelp has a consistent upward trend on the one hour chart and about to confirm upward trend on the 4 hour chart based on the 180 day EMA. Great potential for an east 5-10% return on a strong company.
AT40 = 35.5% of stocks are trading above their respective 40-day moving averages (DMAs)
AT200 = 34.8% of stocks are trading above their respective 200DMAs
VIX = 17.4
Short-term Trading Call: bullish
Commentary
Hold up. Pump the brakes. The bounce from oversold conditions just got more difficult as sellers forced buyers to come to a screeching halt.
The S&P 500...
Unless you've been living under a rock, you'll know that Tuesday is the U.S.'s mid-term elections. Polls will be open throughout the New York session and won't close until we're well into the Asian with polls closing on the East Coast first and then gradually progressing west through time zones. Actual results aren't likely to be known until at least 9 p.m. or...
A Suspect Breakout for the S&P 500
AT40 = 52.7% of stocks are trading above their respective 40-day moving averages (DMAs)
AT200 = 56.7% of stocks are trading above their respective 200DMAs
VIX = 11.8
Short-term Trading Call: neutral
Commentary
The stock market is not quite out the (short-term) woods yet.
Last Wednesday I pointed out why the latest bearish...
$44.19 solid support line, smaller arrows show where the stock stopped moving/price pivoted
Trending resistance has now forced a wedge that will squeeze the YELP price north towards confirmation of that
trending resistance line. Enter volume and favorable SENTIMENT and we will see a breakout north to $46.77,
a price point that YELP finds comfort in, as...
"The S&P 500 printed its first all-time high in 7 months just in time for a record bull market. The good mood underlines new trade opps."
S&P 500 Historic All-Time Shines Cautious Light On Opportunities drduru.com $SPY $QQQ $IWM $XRT $XLF #VIX $BA $BBY $CAT $BIDU $CSCO $DKS $HIBB $FB $GE $M $MTCH $NFLX $NIB...
With the previous earnings causing the stock to gap, I would anticipate this to continue to traveling in the same direction in the coming weeks. A retrace back down to the $44 price area is about a 100% retrace from the previous earnings gap/open.
If you open up your iphone's map application and search around for food you'll see that $AAPL will direct you towards $YELP's platform. Ultimately this shows that #apple has interest in #yelp's success and would compete against #GOOGL to make sure they sustain their market position. Do you think $AAPL would really want to lose to $GOOG maps?
I don't see anything...
HTZ puts the pedal to the metal on Monday after market close and is at the 52% mark of its 52-week range and has a 30-day implied of 75%.
Due to its size, I'd probably only go short straddle: the Aug 17th 16 short straddle is paying 2.28 with a 25% take profit of .57.
YELP shout outs its earnings on Wednesday (8/8) after market close (rank 66/30-day implied...
$YELP forming a short-mid term falling wedge here. Fundamentally I am bullish on this stock for several reasons. I like the improvements in Yelp's operational efficiencies (more profitable it looks) and also its 0 debt position.
Additionally, I think its ~3 billion dollar market cap make it a target for a company like $AAPL. Because when you open your iPhone's...
YELP's price didn't really move much this year, while I still like their business that has great potential (although their POTENTIAL didn't do much these years)
Looking for a trade to long is not too crazy compared to the GRUB's rally.
Here we got a bullish bat pattern, which is also near the gap from the ER last August.
If it can have solid reversal sign near...
YELP ( $YELP ) beats ER by $0.02 and takes a dip. Revenue beat by +13%!!
Looks to me like a BTFD. I'm in @ 2X 6/1 $43 Calls.
We'll see what the reviews do over the rest of the week!
If $SPX can behave and act as a tailwind for $YELP, i would be looking to get very bullish on this business model prior to earnings. If you dig into Yelp's reports, you will find a very diversified revenue stream (it's not just SMB ad money from restaurants!).
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