Is Yelp Pulling A Tesla?

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….

The Charts

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)

TSLA Daily

$YELP – Yelp

(Mid 2013-Present)

YELP Daily

 

Tags: $YELP $TSLA $SOCL $QQQ $QCLN

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