FUBO trade ideas
FUBO ready to run?Bullish Signs:
At long-term support trendline
At bottom of downtrending regression channel
Fighting between middle-term resistance line from the pumps
Short-term RSI bullish divergence
I could see PT1 for the bulls to be around $22, with PT2 being around $30 where the gap is. PT2 coincides with the top of the downtrending regression channel.
FUBO technical analysisFUBO technical analysis 4hr chart:
52 week H = $57.47
52 week L = $14.64
Price levels 4hr chart:
SMA200 = $25.08
SMA150 = $24.01
SMA100 =$23.13
SMA50 =$17.83
Trend channel 4hr chart:
breakout = $19.41
R3 = $18.74
R2 = $18.07
R1 = $17.40
pivot = $16.73
S1 = $16.06
S2 = $15.40
S3 = $14.78
breakdown = $14.02
Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends...
*3x lucky 7s of trading*
7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
Balance sheet
7 Common mistakes:
+5% portfolio trades, capital risk management
Beware of analyst's motives
Emotions & Opinions
FOMO : bad timing, the market is ruthless, be shrewd
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors, no adaptation
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Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big, organized desk
Reading books, playing chess
Sorted watch-list
Checkout my indicators:
Fibonacci VIP - volume
Fibonacci MA7 - price
pi RSI - trend momentum
TTC - trend channel
AlertiT - notification
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$FUBO Bounce Off Strong Support $FUBO bounced off of a strong support ~15-16. Seems like a low-risk, high-reward setup with the potential to move quickly toward resistance ~33-34.
Solid fundamentals with 386.89% revenue growth from September 2020 - September 2021 and $393.130 million in cash. Will assess early next week for a potential swing long...
FUBO LONG
$FUBO is one of these stocks that I always hoped I had as a huge soccer fan in the United States. I have been a subscriber for over a year now and I'm loving it. I was hoping for it to drop to the 22ish region when it was in the 30s so I can load up but didn't have enough cash to do so. I do now and I'll be loading up at these delicious price levels.
Another confirmation to taking the long position here is the downward sloping channel which is a bullish signal. Look at the divergence in the RSI too. I will be holding this long-term.
Fubo reversal?$FUBO looks like its starting to bottom out at the $20 psychological level. Grabbed a $20 call with time.
Not a bad place to grab some shares either if your bullish IMO
- Strong bullish hammer candle on daily indicating buyers are present at this weekly support.
-Fubo got smacked from $35 before earnings to $20, great risk to reward play.
Swing targets: 21.3, 21.8, 22.55, 23
Stop is a close below $20
I will most likely add to my position again if we retest and hold $20 tomorrow.