Fubotv
FUBOA 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 $33.3-34.72, at the very least. Until that happens, traders will want to be on high-alert to the possibility of a bullish reversal. Long setup on watch.
Fubo potentialLargest buy volume in charts history this past Friday. 600% above average and 25% higher than previous biggest volume. Bounced off of 0.764 fib and 200dma. Looking for a run to next horizontal resistance that coincides with the 0.618 fib (29-29.50). Small pull back before a run to 35. This is major horizontal resistance and would complete the head of a potential inverse head and shoulder. Would expect pullback to 29ish before run back up.
This is all potential- but volume is a great indicator and Fubo has large bullish catalysts coming its way. It can fast and hard.
Imo it has moved down too hard too quick off of fund liquidation and a skewed earnings report that showed eps being worse than what it really was. Looking for a strong rebound.
$fubo Fubo with the largest buy volume in the charts history this past Friday. 25% higher than previous high volume and 600% the average daily volume. Bounce off the 0.764 fib. Next horizontal level of resistance is approx 29-29.50. Also coincides with the 0.618 fib and is a major volume node. That’s target 1 where I would expect small pullback as people take profits and bag holders get out even. 35 would be the next major target which would complete the head of a potential inverse head and shoulders. Pull back to 29-30 would be expected.
Large catalysts ahead for this name with sports betting coming.
$Fubo good news and technical situationFubo tv acquires Acquires Exclusive Streaming Rights for South American Qatar World Cup 2022 Qualifying Matches
in plus the chart highling some important information that will lead the price to rise.
The price is bouncing on the border ( see main chart)
the orange area (good for entering at lower prices ) started on MTF pressure indicator ( the center chart )
the positive daily buyers pressure are incresing (chart below)
I'm buying at this price.
everything are okwe found again the orange line after a little days for support like 27$-28$ territories
We will close above 34,10$ and uptrend line ok.
Little accumulate at this prices then new game 40$+
2 Days -7% the punic and gamble investros are out. there fore keep calm and enjoy
we will see 160$ and ATH again