Yelp was weak and sold off hard after Earnings and I was aiming for a continuation of that move. For whatever reason.
My levels for support were 29 and 27 as target. REsistance during premarket at 30.60 and Gap 32.75.
I expected a relief move into 30.60 resistance and placed some orders in that area. YELP tested that, I got filled and took off half just before I thought it would crack.
Long story short, $YELP bounced and my average was AT VWAP and I eventually took off the trade break even eventually. Worth a try and well managed.
However, it was badly traded as I did not watch the tape close enough as I had too many candidates on my watchlist for friday. FOMO at its best.
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