Hubert Senters here.
Let’s take a look at Yelp on a weekly chart. It is going to gap down tomorrow because of third quarter earnings. They’re dropping pretty dramatically here. They’re down $12.64 cents down 28 percent. That’s a pretty good drop. So it’s probably going to continue right now same as trading at like $32 so it’s right here in this area helps if you can count.
So right here in this area at $32 is where it’s going to open up tomorrow and it’s probably going to drop over the next several weeks and months all the way down to next target would be $27.56. And then ultimately come down here and retest this area at $15. But it’s not all bad news PRIP had a nice little situation today. That’s the weekly chart on that.
And they have some more resistance to deal with. They’re probably going to clear $70 so that’s good. Next target, it’s going to be $85.61 to the high side. Look at the daily chart here. That looks good so it’s all not negative. Right now, you got to be a good stock picker. You can’t just be everything’s going higher and nothing is going lower. It’s really important to be a good stock picker right now.
Good luck. Hope it helps. I’ll see you on the next video.