YELP - Break Above Dominant Downtrend On this weekly chart a break above the dominant downtrend in red can be seen This has been the source of many rejections and recoveries and now with it broken, price is free to move higher. A lot of similar double bottoms accompany these recoveries by Bixley2
YELP | ForecastJournal Entry Bias: Positive. Sentiment: Optimistic. Emoji (emotion): Gullible 🥸. Null Hypothesis: Buy. Alternative Hypothesis: Sell. Signals: .. Position: Short term swing trade. Notes: .. Other: .. Disclaimer: My journal entry is not a complete prospectus, please consider it accordinglLongby UnknownUnicorn28743597Updated 2
$YELP - Consistent Channel TradeI'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 consistentlyLongby FluxTrades1
$YELP weeklyUOA caught my eye, haven't traded this ticker but appears to be forming a bull flag pattern, watch for breakout with $42C NOV as an idea. Longby FriscoTrades112
Developing a ChannelI see Yelp developing a channel between 37.31 and 40.95. There's a possibility that this flag pattern turns into a continuation of a previous up trend so I am cautious but today opened a broken wing iron condor to profit the most if it stays in the said range but still make a slight profit slightly by rufuspeoples0
Symmetrical triangleThe stock is forming symmetrical triangle, I'm bullish on this stock if it breaks out the triangle. I'm going to open a long position on this stock after the break with good risk/reward ratio, it holds EMA20/50 as its support. If YELP stock breaks down the triangle it might go lower and lower! Keep Longby Suxxx0
Broken uptrend after lower high. More competition, less revenue.Google Maps reviews are now a significant competitor to Yelp -- they even advertised extensively on YouTube over the last year. Google Maps has far greater coverage outside of major metro areas and Internationally. Thumbtack is another well-funded competitor with a focus on the services business thaShortby chartinsight1
Yelp - flag pattern, volatility contractionNYSE:YELP Yelp's all major timeframes are tempting: weekly: it has recently broken long-term resistance. Now it is being tested. If it holds, there is a potential to go much higher. daily: holds support at around 39.70. Great volume pattern - a pullback on declining volume. 15m: the volatilLongby sl-wkUpdated 220