Yelp Inc.
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YELP projection long and good momo

Price is in a clear up-trend with wide pullbacks.
Since July price was holding at the TB and L-MLH.

The weekly momentum looks good to me.
Although, a little concern could be the rejection at the 1/4 line. But this happened also in the past, and then, after a new attack, price took off.

So, this definitely needs patience to play out.

I maybe start with a little "feeler" position today.
Above the 1/4 I would add more. Above the CL even more.
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It's on pause.
Nothing to do here.
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Good weekly close.
Hanging in there.
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Struggles to jump above the Center-Line.

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Correction: 1/4 Line, not Center-Line.
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This doesn't look too good now.
A violation of $37 would be my exit or a call to action to start a Hedge.

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