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
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...
UOA caught my eye, haven't traded this ticker but appears to be forming a bull flag pattern, watch for breakout with $42C NOV as an idea.
Descending Triangles are repeatable trading chart patterns. Descending chart patterns will have a directional bias depending on the previous incoming trend. Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern. What ever time frame you are trading this chart pattern, wait for a candle close outside of the...
YELP is displaying a bearish triangle pattern, which will lead to downsides. However rising MACD is contradictory to this analysis and suggests that momentum is moving upwards. Time will tell what we see from this.
YELP is facing strong resistance ahead of its earnings. The Stock's price is below 35-36$, 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...
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.
Yelp Retesting the broken trend line ... Search for sell
AT40 = 35.5% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 34.8% of stocks are trading above their respective 200DMAs VIX = 17.4 Short-term Trading Call: bullish Commentary Hold up. Pump the brakes. The bounce from oversold conditions just got more difficult as sellers forced buyers to come to a screeching halt. The S&P 500...
Unless you've been living under a rock, you'll know that Tuesday is the U.S.'s mid-term elections. Polls will be open throughout the New York session and won't close until we're well into the Asian with polls closing on the East Coast first and then gradually progressing west through time zones. Actual results aren't likely to be known until at least 9 p.m. or...
A Suspect Breakout for the S&P 500 AT40 = 52.7% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 56.7% of stocks are trading above their respective 200DMAs VIX = 11.8 Short-term Trading Call: neutral Commentary The stock market is not quite out the (short-term) woods yet. Last Wednesday I pointed out why the latest bearish...
$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...