FUBO Triangle BreakoutI am bullish on FUBO in the next few months seeing a breakout and a solid uptrend from there. Fundamentals are solid and it has the popularity to break out of this triangle on this next test of the resistance, it bounced big today off the double support on a bloody day in the market.
FUBO
Short this hypergrowth index!Good evening from Croatia,
Let's have a look at some of my favorite stocks which I am keen on. I use this index quite often to find out whether these hyper growth stocks are going to perform well. It looks like a double-bottom pattern is forming into the mid term. We have to find out if this double-bottom will hold the support or break through it. This might look like a wyckoff accumulation pattern.
I would recommend though to short these stocks in the short-term.
Have a great day and let's rock the upcoming week.
bbpetersen,
NYSE:PLTR NASDAQ:TTCF
NASDAQ:NNDM NYSE:SKLZ NYSE:FUBO
Fubo: Correction is over. $70-$90 nextIt appears that Fubo's second wave bottomed at about $25. There was a strong bounce, so I have reason to believe that may have been the bottom. However, we will need to see more follow through going into next week. A break of $35 will indicate that we are definitely in the heart of the 3rd wave. Price target for this third wave is $70-$90
FUBO: Short term weakness is almost overBad News: Fubo is approximately 12% off of its recent high.
Good News: I believe that the worst of this correction is over. I think that Fubo will set one more low around $30. Then I will be watching closely for a clean 5-wave move off of that low for confirmation that the bottom is in.
RSI has formed a bullish ascending triangle pattern, so I expect eventual break to the upside.
FUBO: Short term pullback ahead, but long term to 120Fubo just completed a textbook 5-wave impulsive pattern off the lows. Very bullish. Now Fubo is due for a Wave 2 pullback that will likely terminate in the $25-$29 region. However, given how bullish Fubo has been lately, it may only be a shallow correction to about 30. Longterm price target is $130
FUBO uptrending in tandem with Euro Cup?Euro Cup is steaming ahead despite the pandemic, so is FUBO's price.
Last Friday (25 June) attracted a spike in volume, almost twice the average volume. The price was attempting to break out of $35. In the hourly chart, the price was holding above $34 nicely. If above to keep up the momentum and stay above $35, the next target is likely $43 then $52.
The nearest support would be $27 or $24.
Will FUBO price able to keep up until Euro Cup Final on 11 July?
FUBO: Limited upside left for short term, but long term 100+Elliot Wave Analysis of Fubo. Looks like we are finishing up a larger degree Wave 1 off of the May lows. Should top out around the 40-42 region and be succeeded by a Wave 2 that will draw Fubo back to the low 30s. However, then we will enter a larger degree wave 3 that should take Fubo to $100+
FUBO BUY/LONG NOW READY 30.00-69.90 by End of 2021TICKER CODE: FUBO
Company Name: FUBOTV INC
Industry: US Stocks Consumer Services Movies/Entertainment
Position Proposed: BUY
FOMO BUY ENTRY: NOW READY (30.30-32.50)
NEXT BUY ENTRY: (26.00-28.00)
1st Partial Take Profit: 69.90 (End 2021)
2nd Partial Take Profit: 102.00 (Mid 2022)
Stop Loss: 13.50
Technical Analysis
1. LARGE INVERTED HEAD & SHOULDERS PATTERN (PARTIALLY COMPLETE)
2. Area of Confluence on EMA & structure level
3. Fibonacci Retracement at 0.786
4. 1st Safe Take Profit is at Flagpole Price Range
5. 2nd Take Profit will be at 80% of LARGE INVERTED HEAD & SHOULDERS PATTERN Price Range
FUBO : COIL / POSITION TRADEFubo Stock Forecast: Up, But What To Consider In 2021
Fubo is a sports-focused alternative to cable TV. Shares have risen sharply since their IPO.
The company is developing a sportsbook that integrates with their TV platform. I think this is a brilliant strategy.
Their convertible debt is a better deal than the stock, but the shares could be worth a flier.
Some back-of-the-envelope calculations on how much Fubo stock could be worth. There's tremendous upside if they pull off integrating a sportsbook into their TV service.
Fubo is a fun play that has the potential to 20x in value if they execute properly over the next few years due to their explosive subscriber growth and potential monetization of sports betting.
SOURCE : Logan Kane, Fubo Stock Forecast: Up, But What To Consider In 2021, Feb. 04, 2021 8:45 AM ET, SeekingAlpha
seekingalpha.com
FUBO TV a super enthusiastic signal... will be realized ?My marketMiracle advisor returned a purchase signal on $FUBO FUBOTV at a price of 21.43 USD with a target of 134.21 USD or a potential profit of 526 %.. To be honest, I think it is a bit too much, but we are well aware of the volatility characteristics of low-cap securities.
Now, wanting to see the situation on the graph I do not feel like tracing a possible path towards the target that the advisor has given, I think a goal very far and difficult to achieve.
But I have identified a possible path that can lead to the doubling of the title.
I speak of doubling because looking for information on the fundamentals of FUBO TV I saw that in recent results the number of subscribers to their TV streaming service has doubled, so a doubling of the value of the title is certainly reasonable.
This idea is based on a signal generated by the advisor Marketmiracle, down on this page you will find the link to the page of signals of the advisor that you can see for free without any cost or registration
$FUBO Descending channel and Broadening right angled formationAfter reaching all time highs as a result of "short squeeze" during late 2020 $FUBO crashed to $23 forming a support line. The price of the stock increased to $58 per stock with good news on acquiring streaming rights of European Football games. People started dumping their stocks (including me) making a huge profit and got out of game.
I would say overall Fubo is bearish and is trading between 2 red lines (descending channel) making lower highs and lower lows. During march the price fell below $23, breaking the previous support line and making new lows. What caught my attention is that the stock broke out of the descending channel by forming a broadening right angled pattern. The stock made 2 minor highs and 2 minor lows which confirms the formation of the pattern. Our previous support line turned into horizontal top resistance line and down slopping trend line once again confirms the broadening right angled formation. The stock made partial rise towards the top trend line but failed to touch it during last few days. I expect short term bearish continuation. I would expect 10-15% decline in price in upcoming 2 weeks.
I would suggest to wait for the final confirmation of volume as in these types of formations prices can break out in either direction.
This stock is on my watchlist and I made a good profit In January. I will give you an update next week if I see any signs of a breakout.
Good luck and trade smart! (not a financial advice)
Please like and share if you like my idea.