Chart looks good, it appears the correction is over.This may go up as beginning to form a W for Winner. I believe there are a lot of shorts out there and we may see a short squeeze soon.
FUBO trade ideas
$FUBO in a Cup and Handle formation.$FUBO formed a cup and handle can attempt to break above 40 any day now. Held beautifully above the 50 S.M.A, a run can start here into next week.
Short Term Target Area: 40
Short Term Target Area 2: 51
ABC BullishPossible stop under C or last pivot low..which using these pivot points is C so not much help..
(I had used some pivots on here that were little triangles but can not find them) I liked them because I do not like a lot of stuff on the chart..
This one has been high then possibly found a bottom..lots of volume off and on in last few weeks..
You may want to find a different long entry level than the one I used. It does make a difference on the targets as the AB leg length and fib levels are added to long entry level..
Not a recommendation
Buy Red/Sell Green...
Long entry level is important so you do not have to look at losses everyday. Negative )o:
I am thinking smart money got in this at the bottom like before it broke to the upside between 8 and $10...is usually smart money accumulation phase. Some older stocks could have been accumulated decades ago by smart money. Then there is the general public accumulation phase which is usually after an uptrend has started. Then there is distibution by smart money continually up to and at the top. Many times the general public is still buying while they are selling..be safe
we have alrerady found the bottom from this decline..the stock at 30$ price levels seems that have not shares for sell .. the sort sellers are out of "bullets"
30$ is the new support.
Fubo done correcting and currently at support. IF support is not broken we are looking at a very nice ride back up. Still bullish while support holds.
FUBO 2021-01-19FUBO is currently uptrending nicely in the middle of a primary wave 3.
It is currently sitting at the lower bound of the pitchfork, so it is a BUY.
Primary target 104.96 by June before a nasty correction to 74.
--FUNDAMENTALS--
Fubo is a sports streaming service. They're seeking to differentiate themselves from YoutubeTV/other competitors by offering live sports betting on their service. I believe they're also looking to sign exclusive sport streaming deals as well to further differentiate themselves.
With the recent Cuomo tweet seeking to legalize sports betting to help a battered NYC recover, we can assume the rest of America will follow suit due to the need for tax dollars.
$fubo - bounce within $29-30 rangeforming what looks like a cup and handle.
there's buyers at support around $29-30, which is also where the c&h trendline bounce should occur. at that point i will go long.
Fubo on watchIf it breaks 29 first target is 25 then 20. Filled our first gap at 30 then attempted to fill the second gap at 40 but got rejected. If we bounce of that trendline it will attempt 40 again.
FUBO Cup and handle forming.Good loading zone for February calls here around $32. PT: $46->$57 ->$75
everything are okwe found again the orange line after a little days for support like 27$-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
$FUBOSetup looks really neat, If it comes down to our (POI) zone then we open our pos. or atleast the support line(green dotted line).I will have my stoploss underneath the (POI) zone.
Volume looks good too. Really digging this setup.
Trade Safe.
if you relax we will see NEW ATH 160$We got in a new uptrtend today!
magnificent come back with BIG volume
KEEP CALM A STOP SELLING WITH SMALL GAINS ..
