The following Long Swing Trade ideas have either hit one or more profit targets and/or hit their suggested stop or final price target & will be reassigned to the Completed Long Swing Trades category, along with all associated posts (charts & notes) to be archived indefinitely for future reference. Due to the large number of [...]
This video reviews all of the official trade ideas, both long & short, that are currently listed as Active Swing Trades on Right Side Of The Chart. While the majority are still Active Trades, several of these trades have already hit their final price target or exceeded their maximum suggested stop & will be reassigned [...]
The following notes & chart outline the entry criterion, price targets & suggested stop for a swing trade in YELP, Yelp, Inc.
YELP (Yelp, Inc) has hit the final target, 33.12, for a 20% gain in just 3 weeks since the short entry. Consider booking full profits as the R/R to remain short in no longer favorable as the odds for a bounce off the bottom of the 32.40ish support level just below are fairly high. YELP [...]
YELP (Yelp, Inc) has hit the first target, 36.73, for a quick 11.2% gain. Consider booking partial or full profits and/or lowering stops, depending on your trading plan. T2 at 33.12 remains the final target. Original & updated daily charts:
YELP will be added as an Active Short Trade here in anticipation of an imminent breakdown below this rising wedge pattern. Negative divergences on the MACD & RSI help to confirm the bearish nature of the rising wedge pattern & with this YELP recently failing at the 42.70ish resistance level, this trade offers an attractive [...]
This video covers the charts of about half the stocks currently on my watch-list as potential long and short trading opportunities. The video begins very brief overview of the broad market as well as the breakout above the triangle pattern that was highlighted yesterday on the USO 60-minute chart. Following the USO commentary, the following [...]