Probably the most noteworthy thing to say about YELP is that it will soon be involved in an antitrust case against Google, that alone gives an indication of how poorly the business model can contend with competition. Expectation are very low in the stock and the options market is signalling more pain ahead, until that downtrend is broken its short all the way....
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.
Price climbing and contracts on the call side. Looks promising.
Despite any upgrades we see nothing that would compel us to go long in this stock. It has had a lot of volatile moves and we believe more will happen in the not to distant future, but in a downward fashion.
Been eyeing on this and did pull a trigger. Opened this: Apr 12th -- 36 puts No escape for this. 100% sure.
H&S pattern has been completed. Now, wait for a retest of the neckline before rolling over again. Target: 34
Yelp Retesting the broken trend line ... Search for sell
Shares only. The R/R is a no-brainer.
11/5 - OPINION - Looks like a BUY opportunity, does YELP need to retest $41.90 ?? MACD crossing north + RSI (49.2550) looks poised for a buy 10 EMA about to cross north over 20 EMA *Let's see what happens!!! *DISCLAIMER - I am not a professional trader, these are merely my views, thoughts, and opinions. Please seek professional advise in your investments.
Here are some targets to trade too.. This is waaaaaaaaaaaay below any long term moving average so you need to be looking at some really hard pivots here. The weekly chart is the only one that shows some. Trade with a tight stop on this one and get out when targets are met.
YELP's intra-day 52-week is 48.40 - this resetting is on big volume
YELP's just below the intra-day 52-week high of 48.40
LONG ON STRENGTH THIS WEEK FOR CONTINUATION
$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...