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
Journal 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 accordingly.
About the Author:
I strive to become one of Tradingview's...
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...
I 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 above or below. If it breaks resistance, then I will roll the puts...
The 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 an eye on to the stock these days. Reminder: I'm not a financial...
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 that provides most of Yelp's revenue.
It seems like the reopening...
NYSE: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 volatility is contracting, accumulating energy for the next move. The...
Yelp is showing clear relative strength holding up extremely well in the face of a correction that left many growth stock charts with some serious technical damages. Worth watching closely here for a move higher as the market finds its footing.
$YELP has a couple of things going for it.
Golden cross on the horizon and recent volume.
It's susceptible to news related to global pandemic. "Why would I need YELP if I'm sitting at home."
I would like to ride it to pre-pandemic levels (around $40) I just do not know if I am willing to take the risk quite yet and definitely not at its current price.
Watching...
Hey people, YELP is in a bullish movement with a return of buying volume made and a long hammer candle. In the TIMEFRAME M1 we see a hammer candle with a large volume of sales executed and it has gone to test the top of its equilibrium zone. Great potential to breakout the price then then the zone and go to the next high. First higher (on TIMEFRAME H4) then two...
