YELP Inc. $YELP was in a bullish breakout after earnings last week. But we saw that the market was immediately fading the rally and anticipated a dip back towards $42-$43, the middle of the broken consolidation range. We were considering this area as a buy-on-the-dip target for an order to long YELP. YELP Daily Chart(click to enlarge)Key Support:- Note that the 200-, 100-, and 50-day simple moving averages (SMAs) are around the middle of the broken range.- We should indeed anticipate support around $42.50. - The RSI should also hold above 40, preferably above 50 in the bullish scenario.- If price indeed holds above this middle area of the range, we might have a bullish breakout outlook towards the next key pivot at $60.