FUBO trade ideas
[FUBO] Iron Condor - the FuboTV Inc EVENT play
Another lazy trade for today, just an event play.
Very risky to holding neutral positions in uptrend, so literally just for a few days on table.
Event plays are usually a "trade and pray" strategy, so I'm not preferring (TastyTrader Bob and Tom like it, but I've sucked many times width them)
In current case I've decided to take the risk.
(1) MurreyMath distances
More than 5 MurreyMath fraction distance (5/8) for break even border, current price almost the middle of it.
I'm judged to secure area 2.5 fraction up, 2.5 fraction down.
(2) Nearest pivot points detecting danger area
Secure level upside is $54, downside: $30.
Inside this I can sleep well. Outside this I'm looking for any kind of minimal profitable exit point.
CONCLUSION: Iron Condor for today event
Buy 1 FUBO April16' 20 put Sell 1 FUBO April16' 25 put
Sell 1 FUBO April16' 60 call Buy 1 FUBO April16' 65 call
Expiry: 45 days
Take profit: after event at the first possible moment.
Risk management: I'm closing the trade immediately - if the daily bar closing outside my strikes - and I'm cutting my loss . (no matter what I'm believing)- usually I'm losing mutch less than my max profit in this case. Danger zone check every day.
$FUBO | Bullish Wedge + Inverse Head and Shoulders $FUBO broke out of a falling wedge and formed a bullish Inverse Head and Shoulders pattern.
Watch for a breakout of the neckline for initial confirmation. Secondary confirmation above $34.
Initial short-term target is $37 to fill the gap.
Let me know what you think in the comments and leave a like if you agree with my analysis! 👍🏽
FUBO (requested by chasesoulpro); This stock has only been actively traded for about 3 years. And so. IMHO. the Weekly chart is not going to be very helpful, which means it's better to trade it short term.
From Daily chart perspective, price just bounced of the $28-30 congested area and there seems to be a stronger support at $20 area. Furthermore, it has broken down of a triangle.
So, a short term back up to $40 area can be expected. Will have to see the price action again if and when it reaches.
FUBO Bullish Gartley with Hidden Bullish Divergence Class B on DFUBO Bullish Gartley with Hidden Bullish Divergence Class B on D. Good r/r. NFA. DO your own DD.
FUBO, Hello fellow traders and investors, here's another trade idea.
FUBO has recently pulled back to the SMA200 and to the support area, previously FUBO tends to make a reversal whenever it approaches the support area. If FUBO makes a recovery it offers a little bit over a 48% ROI.
Technicals:
The Macd indicates that FUBO is oversold
The Ema's indicate that FUBO is still in a downtrend
The EMA's indicate that they're about to crossover.
When To Buy:
When EMA's crossover
When the Macd indicates a reversal by crossing its EMA
When To Sell:
I recommend selling around 50$ however if EMA's crossover because of the resistance level around 40$ I would close your trade while still profitable.
Fundamentals: FuboTV, Inc. is a digital entertainment company. The company is focused on offering consumers a live television (TV) streaming platform for sports, news, and entertainment. They have good growth in sales at around 955% Q/Q however they are not profitable at an ROI of -13.5% and ROE of -469% which is absolutely terrible.
Rating: 50/100 because FUBO is losing money they got 50/100. The technicals are okay but there's a key resistance where it could potentially reverse to the downside.
I hope you enjoyed this quick analysis and many more to come.
If you enjoyed leave a like, follow, comment your thoughts and share this trade idea.
Thanks.
FUBO breakout soon from ascending triangleThere were so many $FUBO flows coming on flowalgo. These volume bars are crazy. I guess CEO of FUBO is on CNBC today.
FUBO Huge Growth PotentialFUBO was hit hard from the recent pullback, I think this company is very solid fundamentally and I think they are trading way lower then they should be.
$FUBO bounce idea Fubo has a really nice set up here for a bounce, please see chart for all things to watch for everything is per Bat pattern rules and double checked, daily inside bar and weekly inside bar , we want to see a break above w a downtrend volume break, see bottom of chart, Aiming 382, 618 adn top of pattern (take profits labeled) If you have any questions feel free to ask, search countless Bat pattern winners in my history above for examples.
BUY FUBO PT 39.8 SL 29Rationale
Immensely Bullish Call Flow
Just left a huge supply zone
80% institutional ownership, many of which bought in the 40s
Fresh uptrend on the EMAs
Recent correction seems to have stablized
$FUBO Breakout?FuboTV shares have nearly completed their descending wedge, which means we could see a breakout coming up in the next week or two. Also think this company is decent for the long-term, especially now that you can bet through their platform. Target Sell $57, stop loss at $23. Leave a like and comment your thoughts. Good Luck!
FUBO price inside DESCENDING CHANNELFUBO 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
Showing signs for a bull runPicked up FuboTV today and will be adding more over next few weeks if it continues to stay above the 200p moving average. This is an investment play for 1 year horizon where we could likely see price double up from here.
FUBOMID-TERM: Bullish bat harmonic pattern with 4hr classic bullish divergence. (not financial advice)
FUBO I’m long FUBO. Falling wedge and off the 200 day EMA. If the market truly reverses its recent downtrend, this can move up in a hurry
FUBO RecoveryFUBO has been hit hard from the pullback recently. I am looking for it to recover very well. It has a great business plan and is hitting old support.
