After consolidating for almost a year, YELP broke above its range in August. It then pulled back and we noted that the pullback brought price to a key support area. YELP's Pullback Approaches Support AreaYELP Daily Chart(click to enlarge)Bulls in Charge:- We had anticipated support around $42.50. This was basically the middle of the range, and in the middle of the moving averages.- A hold above this price would have confirmed that bulls were in charge.- The market actually gave YELP support at $44.00.- So far, price action confirms the bullish outlook.- Even if price stalls under $50, it should be seen as bullish if price indeed stays above $42.50.