FUBO swing idea-Consolidation becoming tighter, sitting above 20 ema.
-Significant short interest.
-Funds starting to buy in recent days.
-If volume increases significantly in the next days, it may start to take off.
FUBO trade ideas
FUBO ReversalFUBO looks ready to reverse! SMI and RSI both curling back up, 5 DAILY candlestick sitting on the 20EMA, and earnings on 3/2. After doing some DD, we see a lot of news with regards to PT upgrades to Buys, expected sales of $97.2 million, and with revenues growing by over 71% in just this last quarter, I'm bullish after this healthy dip. Looking to take some monthlies for a move out of this triangle.
FUBO option ideaWIll be looking to see if FUBO can hold above 43.28 and if it cant short plays could work if not going to see if it bounces off it for a reversal
FUBO Gearing Up for a BreakoutFUBO has been in a downtrend for more than a week now. It matured into a great breakout opportunity in demand. I will be watching it closely tomorrow for a scalping opportunity. Targets: T1-50.95, T2-52.97, T3-55.4.
*The idea above is my own opinion and does not serve as any kind of investment advice. Please do your own due diligence.*
fubo 2/19really like fubo this week, bounced of 34/50 ema cloud and looking for a reversal, want it to hold above .618 fib level along with some volume to get in a call potentially
FUBOCan buy stock here closer to 20 DMA $500.
44.25 target to buy stock.
32.77 Stop stock, 71.29 Trgt stock
Buy 2 Apr 16 $60 in green area.
Trendline options Stop, 51.59-53.59 area option target
$FUBO BULLISH ENGULFING PATTERN ON THE DAILYFUBO recently retraced to the 38% fib level.
I'd like the price to close above the 50ma on the hourly with significant volume to confirm, but I have been in FUBO a while.
Possible cup and handle forming on the hourly
Revenue rose 71% in the third quarter, and growth accelerated to between 77% and 84% in the fourth quarter, based on preliminary results it announced earlier this month.
Lots of recent institutional buys
A lot of short interest so room to squeeze
Roku ($468 at writing) generates less than 1/3 as much per user in ad revenue
fuboTV's ad revenue is more than either Disney or Apple are ringing up in subscription revenue per user
Fubo has also acquired small sports betting companies including fantasy sports and a betting book by EOY
Caveats
"Rich Greenfield at LightShed Partners lowered his price target on the stock from $8 to $6.50, arguing that the platform operator will need to raise at least $1 billion in equity this year to bankroll its sports betting strategy." (motleyfool.com)
This is why Fubo is shorted so heavily
My take on FuboNOT FINANCIAL ADVISE
Fubo looks like it can break out any minute. My PT is quite high ~ 63.
BUY $FUBO - 02.15.2021Stockonomy Weekly Pick 02.15.2021
$FUBO Price has been everywhere in the past few months trading on large volumes.
Price seems to have began a new uptrend on high accumulation volumes and lower consolidation volumes.
Price recently pulled back to the 38.2% Fibonacci Level with an oversold StochRSI reading.
Price may dip to 61.8% before continuing upward so watch price action closely.
Make or BreakI believe this will reverse the direction. Would love to see shorts to get burned.
The symmetric triangle is formed.
