FUBO trade ideas
FUBO Triangle BreakoutI am bullish on FUBO in the next few months seeing a breakout and a solid uptrend from there. Fundamentals are solid and it has the popularity to break out of this triangle on this next test of the resistance, it bounced big today off the double support on a bloody day in the market.
Fubo: Correction is over. $70-$90 nextIt appears that Fubo's second wave bottomed at about $25. There was a strong bounce, so I have reason to believe that may have been the bottom. However, we will need to see more follow through going into next week. A break of $35 will indicate that we are definitely in the heart of the 3rd wave. Price target for this third wave is $70-$90
Let it bleed for sometimeIn the correction mode for now, we should see some downside before we can enter.
Fubo: More evidence for a bottom at $28It looks like Fubo is backtesting the breakout of a 6-month downward trend line. If the backtest occurs next week, it will likely take place right around $28. This also lines up with my wave count on the 15-min chart.
FUBO: Short term weakness is almost overBad News: Fubo is approximately 12% off of its recent high.
Good News: I believe that the worst of this correction is over. I think that Fubo will set one more low around $30. Then I will be watching closely for a clean 5-wave move off of that low for confirmation that the bottom is in.
RSI has formed a bullish ascending triangle pattern, so I expect eventual break to the upside.
FUBO Long PlayFUBO can continue along the minor support or continue down and bounce off support.
Target: 33.93 (if bounce), 43.3, 52.37 NYSE:FUBO
FUBO Long PlayFUBO still BULLISH, it can either continue along the minor support or continue down and bounce off support.
Target: 33.93 (if bounce), 43.3, 52.37
FUBO END OF JUNE...33% this month!bullish on fubo....no options just hard stock. This passed week we had a little dip but if you weren't buying it up, its not to late. Fubo is showing no signs of slowing this run down...Supertrend: when it signals green buy, we buy.
FUBO: Short term pullback ahead, but long term to 120Fubo just completed a textbook 5-wave impulsive pattern off the lows. Very bullish. Now Fubo is due for a Wave 2 pullback that will likely terminate in the $25-$29 region. However, given how bullish Fubo has been lately, it may only be a shallow correction to about 30. Longterm price target is $130
FUBO uptrending in tandem with Euro Cup?Euro Cup is steaming ahead despite the pandemic, so is FUBO's price.
Last Friday (25 June) attracted a spike in volume, almost twice the average volume. The price was attempting to break out of $35. In the hourly chart, the price was holding above $34 nicely. If above to keep up the momentum and stay above $35, the next target is likely $43 then $52.
The nearest support would be $27 or $24.
Will FUBO price able to keep up until Euro Cup Final on 11 July?
FUBO long to $40.. (swing) FUBO has been on an uptrend and I believe it will continue to $40.
FUBO will be added to the Russell 3000 effective on June 28 (market opens).
This should boost the price, let's wait and see.
$FUBO Trade Idea $FUBO Trade Idea
Entry: 32.75
Strike: 6/25 33c
Targets: 34.75, 35.80, 37.80
Support: 30, 28, 26
@TradingView
@KyleTrades86
$FUBO Box Long Setup$FUBO new addition to watchlist w/ box setup. Notice OBV bullish move up while price moving down. An indication of institutions accumulating the stock. Looking promising.
FUBO to 40?As we see here we have an amazing cup and handle setup for FUBO!
I tried making this play as clean and clear as possible so there was no hiccups about the price action involved...
My ideal entry would be a clean confirmed break of ~31 (38.2 fib) for a run back to 40+!
My game plan:
Take 7/30 35c on the confirmed break of 30.99
(I am buying time because I expect it to be choppy in weekly supply)
PT1: 34.14
PT2: 37.73 (entering gap)
PT3: 41.12
