FUBO setting upHigher lows setting up for breakout on uptrend line support, possible initial position size entry
Potential move of $14 to 57.50
Support around 40.25
FUBO trade ideas
$FUBO in a Cup and Handle formation.$FUBO in between targets, formed a bullish cup and handle. Can see another run any day now.
#bullish #FUBO
$FUBO getting corrected by cup and handle + falling wedgePls see Cup & handle correction for NYSE:FUBO
The last action appears to be Falling Wedge, the breakout will be the start of the new 1st leg of Elliot wave
Bottoming up after lock up period endedPrice sold off after the lock-up period expired. A huge volume entered the market, now it seems to be ranging between the yellow lines. I entered on Friday after a break-of-trend in the PM, at 26.7 and it rushed away back towards the price. I moved the stop to break-even already and will reevaluate in case it decreases below this value. The ideal entry would be at the low-yellow line, with an exit below this line. If the bottom of the selloff is retested, I will also try to reenter with a stop below it. On the way up, a break-out of 30s is critical, as this resistance was tested already and constitutes my first target. After that, I will be looking towards measured moves and adding at established inflection points.
These patterns are very tricky to play out, so I save my size not to risk high losses. Always think about risk management, not about the potential wins. It is a strong stock, so a potential gain may be worth a few reentries. Evaluate for yourself. Check my last trade in IQ, which was a similar pattern, although not connected to any lock-up. I was successful at a second reentry when a bottoming up was clear.
Potential Technical Bounce Breakout Looks very nice for a breakout, decreasing volume with tightening sell-side PA.
$FUBO | Bullish Wedge: Watch For Breakout Confirmation$FUBO formed a bullish falling wedge, watch for breakout confirmation for upside continuation.
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$FUBO - Cup/HandleI see a potential cup/handle here.
I would like to see this pullback to the 50% @ 40.30 for entry.
@ Current Price ($43), it's still a good entry considering the R/R so I have a small position. I"ll add more to my full size position if it does pull back to 40.30.
FUBO - Don't chase, patience...Similar to the SNDL chart I posted yesterday, FUBO is cooling off and returning back to a more reasonable buying zone.
Despite Twitter being bullish at current price levels, I believe a more ideal risk/reward long trade is a bit further down.
Technical reasons for the trade:
→ Price has exploded on high volume . This means more eyes are on this stock, with people who missed the first move wanting in on the action
→ Very little volume traded overhead. When this breaks the old highs, it will fly. Extra rocket fuel with the current short float of 39% (!!!) according to finviz
→ Price retracing back into the RLZ. Ideal buy entry at the 0.618 fib level
Good luck!
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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 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
