FUBO fuboTV Options Ahead of EarningsIf you haven`t bought FUBO here:
Then analyzing the options chain and the chart patterns of FUBO fuboTV prior to the earnings report this week,
I would consider purchasing the $2.50 strike price Calls with
an expiration date of 2023-11-17,
for a premium of approximately $0.81.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
Fubotv
DISH a TV penny before earnings LONGDISH has earnings on 8/2. On the 2H, price just bounced off the support of the longest of the
three EMAs (35/70/280) and tested the POC line of the volume profile again showing buyer
support at a high trading volume and volatility area. the MACD indicator shows a bullish
line crossover and negative to positive on the histogram where convergence ended and
divergence took over. The dual RSI indicator shows the lower time frame green line in a
dip for a few days and then a rise above the 50 level and the higher time frame black line.
DISH has volume voids above the current price and the near-term pivot high is above. If that
cracks, price momentum could accelerate.
DISH is suitably set up for a long trade as traders anticipate the earnings. I will take it.
I may trade a sizeable trade of stocks or alternatively options striking $8 for 8/11.
fuboTV: Double Top at the 0.382 Retrace and 200 Day SMAfuboTV right now has gapped up and hit a 38.2% Fibonacci Retrace and is now Double Topping and Bearishly Diverging on both the MACD and RSI at this level. As things currently are, I would expect the gap to eventually be filled, but overall, fundamentally looking at their financials, I think the stock goes down to the 1.272 Fibonacci extension, which would take it all the way down to around 6.18 cents.
8/17/22 FUBOfuboTV 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: Heading to $5-6Fubo 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 LONG
$FUBO is one of these stocks that I always hoped I had as a huge soccer fan in the United States. I have been a subscriber for over a year now and I'm loving it. I was hoping for it to drop to the 22ish region when it was in the 30s so I can load up but didn't have enough cash to do so. I do now and I'll be loading up at these delicious price levels.
Another confirmation to taking the long position here is the downward sloping channel which is a bullish signal. Look at the divergence in the RSI too. I will be holding this long-term.
Monster bull flag on FUBO chartFubo has been on a nice run lately but I think its just getting started. I expect a massive breakout of this bull flag and a push to $38-$40 in the next few weeks. Great growth stock that is being slept on. Not for long though, FOMO buyers will be plowing in before you know it.
FuboTV Channel!!Money Makers!
When looking at FuboTV on the daily TF we can see it trading in a nice parallel channel. It's making lower highs into support which is a sin of weakness and may continue lower if support is broken. We'll need to watch closely how this stock reacts at this zone in the coming days.
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Don't trade with what you're not willing to lose. Safe Trading Calculate Your Risk/Reward & Collect!
This is not financial advice.
Simplicity Wins
Post IPO Hangover Rebound For FUBO?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 resistance. With the market trying to recover, this is the first time in weeks that FUBO has established itself above this level and approaching the 286 level. With tech and streaming/esports/igaming picking up steam, it could be an interesting second half of the year.
' There are plenty of other outliers to keep track of right now especially considering the overall trend in tech. Despite being slightly down this week, overall, technology stocks have performed well this year. In fact, tech (based on the XLK ETF) is up over 17% since the beginning of 2021. Based on the growth outlook, some expect the sector to continue flourishing in light of a lower rate environment in the near term. Should that end up as the case, there could be plenty of tech penny stocks to watch heading into the second half of the year. "
Quote Source & Read More: Top Tech Penny Stocks To Watch For August 2021