Looks like Fubo is ready begin its wave 5 pullback to 28
Bad 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...
Fubo 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
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+
Fubotv Inc (NYSE:FUBO) The daily chart is looking good for this stock and we could be looking at the start of a sustained price recovery. The price may start forming the second ascending impulse to break the descending channel. I think we could see more gains from this stock over the next few trading sessions.
(Video breakdown) $FUBO has earnings on 5/11 and as its dropped to these low levels I am expecting shorts to start covering and we could see a potential bounce up to resistance in the 28.00-27.50 range.
Quick recap on last weeks trade and where we are at on the daily.$FUBO
A move on Fubotv Inc (NYSE:FUBO) above $26.2 could spark a nice short-squeeze next week. Looking at the technical daily chart there are several indications I see which suggest a potential bottom formation, including large positive divergences on MACD in daily. If the potential buy signal confirms itself, we will be looking for a move to the resistance area at...
$FUBO Elliot wave action into 3d 0.786 and plus ABC landing in those two red line areas Looking at new Elliot wave formation, or 3d BIG wave if whole structure is 1 and 2
1. Fundamentally strong company, Currently moving like a penny stock though due to its uncommon news & false rumors. 2. Looks like it’s ready to squeeze out of this channel. 3. Analyst have a bear $35 PT and a $60 PT. 4. Be patient, and don’t let the short sellers scare you.
FUBO Bullish Gartley with Hidden Bullish Divergence Class B on D. Good r/r. NFA. DO your own DD.
There were so many $FUBO flows coming on flowalgo. These volume bars are crazy. I guess CEO of FUBO is on CNBC today.
FUBO is operating inside the descending channel. I personally prefer LONG position, but it is always better to wait for the channel breakout and then BUY. ENTRY LEVELS LONG: $23 $27 $34 after the breakout
$FUBO looks on target to test ATH's by the end of March/Beginning of April at this pace. Needs to put in a wave 3-4 before the swing that will complete the length of the pitchfork .