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 accordingly. About the Author: I strive to become one of Tradingview's pinescript Wizards and Top Authors, as well as build a reputable reputation & following. "Please remember to comment, like, share, and follow me!" About the Security: "Yelp, Inc. operates a platform that connects consumers with local businesses in the United States and internationally. The company's platform covers various local business categories, including restaurants, shopping, beauty and fitness, health, and other categories, as well as home, local, auto, professional, pets, events, real estate, and financial services. It provides free and paid advertising products to businesses, which include cost-per-click search advertising and multi-location ad products, as well as enables businesses to deliver targeted search advertising to local audiences and business listing page products. The company also offers other services, including Yelp Reservations, which provides online reservations for restaurants, nightlife, and other venues directly from their Yelp business listing pages, Yelp Waitlist, a subscription-based waitlist management solution that allows consumers to check wait times and join waitlists remotely, as well as businesses to manage seating and server rotation, the Yelp Knowledge program, which offers business owners local analytics and insights through access to its historical data and other proprietary content, and Yelp Fusion, which offers free and paid access to content and data for consumer-facing enterprise use through publicly available APIs. In addition, it provides content licensing, as well as allows third-party data providers to update and manage business listing information on behalf of businesses. The company offers its products directly through its sales force, indirectly through partners, and online through its website, as well as non-advertising partner arrangements. It has a strategic partnership with Grubhub for providing consumers with a service to place food orders for pickup and delivery. The company was founded by Jeremy Stoppelman and Russell Simmons in July 2004 and is headquartered in San Francisco, CA."Longby 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 consistently trade this name from the $35 low all the way up to $41 high, with the potential to reach up to $43. If you're entering with options, make sure you give yourself ample time as YELP is a slow mover, and you don't want theta to punish you.Longby 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 above or below. If it breaks resistance, then I will roll the puts to create an iron butterfly; even a partially inverted iron condor if needed. I can also roll the calls to protect the bottom if the price falls below support but will have less room to defend serious price drops since that is the side of the long wing. Spread: Brought: Jun 18 34.5 Put Sold: Jun 18 38 Put Brought: Jun 18 39.5 Call Sold: Jun 18 43 Call Credit: 1.80 Profit Range: 36.19 and 41.30 Max Profit Range: 38.00 and 39.50 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 an eye on to the stock these days. Reminder: I'm not a financial advisor...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 that provides most of Yelp's revenue. It seems like the reopening benefit has been priced into the stock and now the market is realizing it will take a while for Yelp to grow revenue back to where it was in 2019. Meanwhile, the stock is higher than it was in 2019. A drop back down to the low 30s seems likely after today's breakdown.Shortby 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 volatility is contracting, accumulating energy for the next move. The price sits right on VWAPs from recent highs and lows. If the price breaks the recent high VWAP then my plan is to go long with the SL below Monday's low (12th Apr) - 39.12 - that is 1,5ATR below that low. Longby sl-wkUpdated 220
$YELP Mini Cup and HandleYelp 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.Longby TaPlot4
$YELP - Potential Long entry based on two conditionsStay inside the channel, Stay above 32.75$ Not recommended to buy or sell YELP stocks Just an Idea.by Samuel12_19800
$YELP - golden cross$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 for entry points of: $31.43 - would consider it, depends on what is happening when it hits $30.34 - I am much more comfortable at this level. I would purchase far into the future call options (ideally if the VIX is up) to make sure I make this play as safe as possible. Longby katblatUpdated 111
YELP Course DailyHey 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 higher to yield, before breakout of the zone starting from the top of TIMEFRAME H4) the most important are the first two. Not enough force to test the intermediate median of ANDREWS PITCHFORK. Please LIKE & FOLLOW, thank you!Shortby stephanelibatd0
$YELPIts possible price can drop to trend line support which would be the 3rd touch to the trend. price possibly can fall to $24-$22Shortby pmgai0
Possible Oscillation Breakdown below moving averageLooking 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. Shortby AcornWealthCorp112
YELP , bullish divergence on accumulation/distribution indicatorThis 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 watching closely for price reversal to initiate an entry , it is probably coming soon. Longby NAK1987Updated 0