YELP trade ideas
Long setup.Broke downtrend, bullish options activity , bullish MACD. Keep an eye. This is heading for a gap fill.
I like this rotation - going lowerI like the rotation the last 3 days, looks very bearish to me. I see $24 in the cards in the near term.
Short YELPStock was weak yesterday as well, never violated previous day resistance, closed blw VWAP. Still expect it into 35.00 area.
Shorting YELP weaknessYELP was really weak on Fri, closed into day low. Locally for a second day play I will look for a short entry blw 35.80 w/target into 35.00. But on a bigger picture it's slightly different (next idea)
YELP bigger picture supportOn a bigger picture YELP might find some strong support at 35.00, to me - inlike TWTR - it does not look dead at all.
Will the 200 EMA hold?Another good way to trade earnings is to wait until post annoucement and trade the reaction tactically. I will wait and see if this support holds
YELP - Potential for more downside short termPotential for more downside short term to under 30 before continuing to rally to upside next year.
YELP 3 HR CHARTwww.fool.com
yelp is a short candidature despite today's bounce up. Yelp is playing a triangle on minor degree. Its called dead cat bounce.
yelpwww.fool.com
yelp is a short candidature despite today's bounce up. Yelp is playing a triangle on minor degree. Its called dead cat bounce.
