FUBO scored once, can it do it again?All the higher time frames remain pretty bearish. However, a falling descending wedge can point towards a good reversal. Earnings on 5/11 might be a good catalyst.
I should hedge my bearish positions with some puts incase FUBO falls towards $15.
I might just take the L depending on how things go.
If it bounces to $22, I'll breakeven, as the 20SMA on the daily is resistance. 50SMA on 4hr.
2HR and lower look bullish if the momentum can keep going.
FUBO trade ideas
Possible change in trendIt is currently rebounding above the 0.61 retracement of the entire upward movement, which coincides with the floor of the medium-term bearish channel. The daily RSI is oversold. Several parameters that could indicate a downward price depletion and a possible trend reversal in search of the center of the downward channel in the first instance.
FUBO | Lots of bag holders will provide resistanceHey all
The idea is that FUBO has created a deep range of bag holders around the 27 - 28$ mark, which will probably provide for strong resistance in the days to come.
I would like to see the name retest a double bottom around 20$ before taking a long position.
Any thoughts?
Good luck to all!
(*This is not financial advice, for sake of discussion and illustrative purposes only*)
FUBOFUBO - NEUTRAL
- FUBO currently at a major decisive point.
Scenarios:
Long:
- Bounced off of .786 Fib
- Giant Volume Candle on the daily
- Possible ignition of trend reversal (to the upside)
- Look to enter long if a 30m candle closes above $25, target Point of Control at 28. Might move higher to .618 fib at 29.50
- Bottoming out action present chart
- Bottoming out at over-sold area of RSI
Short:
- Bounced off of upper channel of down-trend
- Look to enter short if a 30m candle closes below 20.42
- Lots of room to go down further if 20.42 support breaches, profit target at 14
Overall: More bullish signals than bearish.
Highest daily volume ever /Finally we see a reversal in RSI trend line even though I am not sure if this is a valid indicator.
Combined with highest daily volume .
Combined with news regarding football broadcast announcement.
All indicators look to have a higher price next week.
All comments /critique are welcome . I am trying to learn.
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 Maybe Targeting Above 32 After Acquiring Streaming RightsWith the latest news that FUBOTV has acquired the exclusive live streaming rights to the Qatar World Cup 2022 Qualifying matches of the South American Football Confederation, CONMEBOL, the stock price may now be ready to touch 32 (and above)
-N.B
- Let emotions and sentiments work for you
-ALWAYS Use Proper Risk Management In Your Trades