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.
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.
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