Is Yelp Pulling A Tesla?
- Posted by TheArmoTrader
- on August 15th, 2013
Here’s an interesting observation I came across today. Is Yelp pulling a Tesla? Is Yelp doing what Tesla did back in the first part of 2013? Sure seems like it….
Tesla had a pre-earnings run up, gapped up, faded a bit, set a base, then moved higher. I see a very similar pattern in Yelp developing. Notes on the charts….
$TSLA – Tesla Motors, Inc.
(Late 2012-April 2013)
$YELP – Yelp
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Jerry Khachoyan is currently an undergraduate student at UCLA pursuing a degree in Political Science. He started trading in September of 2008. He concentrates on using technical analysis and reading the tape to enter the best risk/reward trades. The stock market to him is one of the greatest inventions by man.
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