Looking for a break below 30.97 First target 27.03, Second Target 25.33. Stop signal 32.63. Could consider February or May $30 Puts.
This looks worth watching , I already took a long position on a pair trade I am doing but just looking at this independently shows us that the accumulation is rising and the price is dropping , this divergence is a bullish indicator . I am already long but just wanted to mention this for others to consider. If you are considering a long position I do suggest...
Ascending Triangle Descending Volume Could climb with ER coming PPS above 50MA High R/R ratio at 10 Cons PPS below 200MA 200MA descending 250RSI below 50 ATR descending, less volatility If confirmed, may mean a reversal PT1 = 27,32 PT2 = 30,89 PT3 = 34,46 Bonus PT4 = 26,93
Have been watching this YELP triangle forming the past few days. Neutral sentiment right now. Technically the trend looks down, but ready to buy on breakout from the top trendline or short on breakdown from the bottom trendline. We don't have to choose a side in advance. Let the market show us, and be ready to take action.
Descending Triangles are repeatable trading chart patterns. Descending chart patterns will have a directional bias depending on the previous incoming trend. Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern. What ever time frame you are trading this chart pattern, wait for a candle close outside of the...
YELP is displaying a bearish triangle pattern, which will lead to downsides. However rising MACD is contradictory to this analysis and suggests that momentum is moving upwards. Time will tell what we see from this.
YELP is facing strong resistance ahead of its earnings. The Stock's price is below 35-36$, 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...
Hi everyone, after a week off I'm back to the stage! There are still plenty of names that are going to have their earning report this week. Again, this series is more about "How I check up names during earning season" rather than focusing on some specific names or plans. Mon: MAR, SHAK, TSN, TTWO Tue: FIS, MNK, DIS Wed: DDD, AIG, BKNG, JACK, LYFT Thur: ATVI,...
Publishing trade idea for my own benefit and education purposes only.
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.