YELP Day Trade Retest Gap (Brad Reed Feb6,2015)If YELP opens below 49.16 (expected to open at 48.19) will be a nice Retest Gap. To learn to trade this strategy for free go to www.RealLifeTrading.com
YELP trade ideas
Position trading on Yelp stock justified by long-term supportI’d buy Yelp shares at $58 with a ten dollar stop loss. Profit target could be set at either $85 or close to all-time high ($100). Question is whether we are patient enough to hold this position for months to come.
Full analysis: jmak.ws
YELP a potential triple bottomFor sure a double bottom, and a developing triple bottom may be in place, and while the flat tops were not taken out with any conviction they were taken out. Psychologically there's a lot of shorts out there.
Bottoming and Rounding Upwith a big gap to fill into earnings. Large Open interest in the weekly 60 Calls above, 1000 more trading on the offer 2 hrs ago
YELP (Daily) Potential Rebound.YELP (Daily) Potential Rebound.
Double Bottom.
2013 Long term horizontal support.
Rectangular consolidation range.
AB=CD.
Watch This Level #Yelp WeeklyThe next main weekly support level to watch for the Yelp. Watch for a breakout or a rebound .
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Yelp - Might need more than help for this stockNot much to say about this as the chart speaks for it self. Massive diamond breakout. Could retest 30 price zone or lower in due course.
More worrying though is this stock and other like it are early warning for wider market? I will let you come to your own conclusion on that.
Check some of my other charts.
YELP Has no support before 49-47.97 (Don't catch falling knife)Early September we called to build short position with target price 50 that seems now a possible target next few weeks, and there is no support before 49 area and should see if a long position is worth initiating from there. If you want a real time alerts try us www.2waytrading.com
YELP INC -YELP -Daily -Low volume rally back to KEY resistanceNote how well YELP reacts to the key levels labeled "Key Hidden Support/Resistance" over the past year.
This setup is a rally back to where YELP reported earnings recently and will likely encounter some stiff resistance. Low volume rally back to key resistance in YELP has provided a low-risk entry on the short-side for a return back to 66 and 61.
71.50 is the strongest resistance area and 71.20 was reached at the high earlier this morning.
Look for volume to increase on any decline to confirm the trade is triggering follow through selling from those sellers who are lurking at the 71.50 area.
Tim 11:36AM EST, 8/12/2014 70.25 bid-70.48 ask YELP
Should you long $YELP before earnings? I think there are better risk/reward ratios to pursue, but I would keep an eye on a few of these technical levels to see if there's any short-term, swing trades to be made. Any break above resistance and earnings are the only thing keeping it back. Volume and MACD would support any movements up.
Distribution is starting to pull back, and yesterday's candlestick might be indicative of a market hesitant to support it before earnings. Anyone long might want to keep an eye on the support, as failure at the resistance will send it back down to either fill the gap and return to glory or send it substantially lower.
YELP - LongYELP gaped up big on the open today with huge volume. A close above the Fibinoci 50% and the moving average would strong.
Careful that the gap ($68) doesn't get tested before going higher.
Yelp Inc - YELP - Daily - Small triangle sets up a small jumpTechnical pattern only on this extremely rich-valued stock:
Potential small move up from the recent sideways triangle formation.
Longer term I am looking for short-sales in this stock due to its extremely high valuation relative to its current annual revenues. More details to follow at a later date. Be careful.
Tim
9:42AM 6/12/2014 EDT 66.00 +0.23 last YELP
Trader takes a HUGE Bullish Bet in YELP and finds the bottomYelp Inc. operates as an online local guide that connects people primarily with boutiques, mechanics, restaurants, and dentists. Yesterday, we at www.keeneonthemarket.com saw a trader buy 9500 YELP May 75-90 Bull Call Spread for $2.60 debit. This is a HUGE bet that YELP will trade above $75 by May expiration. This was a $2.6 Million bet, so yesterday I bought the May 75 Calls for $3.20 and I am up over $7,000 in 2 days and I think that YELP has more upside potential.
The Trade: I bought the YELP May 75 Calls for $3.40
Risk: $340 per 1 lot
Reward: Unlimited
Targets: $3.80, $4.40, $5.00, and $5.50
Greeks of this Trade:
Delta: Long
Gamma: Long
Theta: Short
Vega: Long
YELP Bounce tomorrow perhaps ... The recent trend on daily is clearly down. Both 8 and 21 EMA are negative. Therefore, playing a short position is probably safer. However, the stock may be due for a deadcat bounce. Possible counter-trend play.
But looking @ the daily price and volume action, we see that yesterday we have a long candle with high volume. Today we have a shorter candle yet, higher volume. Not to mention we see a shadow @ the end of the candle. Therefore there could be some buyers supporting the price @ these levels.
If LONG tomorrow, then target $82.4 and $84 (in addition to pivot points). Also, can look @ the daily 8 ema as target.
if SHORT, then target $75 (in addition to pivot points)
yelp is hitting fib support zone between 50% and 61.8%In combination with prior top around 83.8, it makes a case of a support zone for possible rebound.
