Shares of fuboTV Inc. (NYSE: NYSE:FUBO ) skyrocketed by 35.5% in the morning session following a significant legal victory against the proposed Venu Sports joint venture, involving industry giants The Walt Disney Company, FOX Corp., and Warner Bros. Discovery. This joint venture was poised to dominate 60%-80% of live broadcast sports content, which Fubo argued...
FUBO fuboTV is at 52 week low, oversold (RSI at 23). Looking at the FUBO fuboTV options chain, I would buy the $2 strike price Calls with 2023-3-17 expiration date for about $0.36 premium. FUBO fuboTV is one of My Top Stock Picks for 2023!
fuboTV Inc. ( NYSE:FUBO ) Sector: Technology Services (Internet Software/Services) Market Capitalization: $993.186M Current Price: $5.36 Breakout price trigger: $6.00 Buy Zone (Top/Bottom Range): $5.50-$4.10 Price Target: $8.10-$8.60 Estimated Duration to Target: 30-34d Contract of Interest: $FUBO 9/16/22 6c Trade price as of publish date: $0.77/contract
Fubo is in the midst of a powerful downtrend. It is already down more than 70% in the last few months, and my count leads me to believe that shares will lose another 50% of value before this sell-off concludes. If you hold a long position currently, you should strongly consider selling.
Fubo seems to have bottom now. It seems like a reversal will come soon.
Elliot wave count for Fubo using a weekly chart. Expecting new ATHs before the year ends. Price just broke out of massive inverse H&S pattern. Expecting a steep rip to 50-60 between now and Nov 10 (post earnings). Should ultimately reach about 240 in the next 1-2 years.
Looks like we are finishing up the first wave within a larger degree third wave. Very fun times ahead. 70+ by November-December
A break above $35 will bring on $43 very quickly. A break below $26 and it's likely we could see $21. I'm bullish.
Currently in a Wave 2 pullback. Should bottom in the 28-29 region. This is a 1-2, 1-2 setup, so the next move to 40+ should be strong and violent. Hard to imagine price won't break 40 by the end of August.
Here in the chart, we see a potential Bull Flag forming on $FOBO. A break out of the flag formation would send it out of its downtrend and towards the targets listed above. ~Target 1 is $35 ~Target 2 is $43 ~Target 3 is $54
I did a quick and dirty Fib retracement on FUBO using this year's low and didn't include the whole post IPO exuberance and ensuing hangover. Now even with this as the case, there are several important levels in the short term to watch. 382 Fib is likely one of them as it appears to be presenting a major pivot over the last few months as both support and...
need to break that freaking resistance, after that, the way is all clear. wait till the breakout on daily chart
Strong, sharp, bullish MFI divergence. Institutions have been accumulating throughout this consolidation period. Upside targets are $35, $40.
The setup is looking good for Fubo. The bottom held, as expected. Expect $ to start flowing into small caps from large caps. Will probably dip to 26-26.5 then rip tomorrow. 30+ before earnings and 40+ after.
On July 10th I called a bottom on Fubo when price struck $25.54. Since then, we have seen price dip as low as $24.60. However, I am still standing firm that Fubo has bottomed. As you can see there are key divergences in MACD and RSI, indicating that a shift in trend is about to take place. Also, the Russell 2000 is presently sitting on the confluence of a 6-month...
It 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
It looks like Fubo is backtesting the breakout of a 6-month downward trend line. If the backtest occurs next week, it will likely take place right around $28. This also lines up with my wave count on the 15-min chart.