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.
Note
Getting call options on this today or tomorrow. Options are least expensive when:
* the vix is elevated
* EOD on Wednesday or Friday
better not bitter
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better not bitter
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.