FUBO trade ideas
found its top, expect a big dump in the near future.be careful! you might be able to make some money scalping but this is not a longterm hold!! look at the history and this is clearly finding its top right now, dont get caught holding a bag ! i could always be wrong of course :) goodluck
FUBO: How to play it Here are my fib lines for FUBO as requested:
(x) On January 12 some resistance at 32.37 then once cleared it shot up
(x) Today resistance at 38.12 which broke out for a few minutes then ultimately failed
Using the 3min chart I'll explain how to avoid a fake breakout and my next play on this chart
3-min chart:
First and foremost, during the first 30min to 1hr of trading I'd only recommend using the 1min and 3min chart and play breakout levels with strict profit taking, because 9/10 times the chart will deceive you at open...I'd like to point your attention back to the 15min chart, the yellow line is my pivot level which is more important than the fib lines. This line is historic resistance on 5 different occasions and today being the sixth meaning it is a STRONG resistance level. To put it simply, we would not only have to pass the 38.07 fib line (green line), but more importantly conquer the pivot (yellow line) in order for bullish price action to be in force. So, now that you made it this far: If the yellow line is passed I'd play (Jan 15 40c) or (Jan 22 45c) **depending on what day the line is passed ofc** for a day trade.
Below you will find my 3min chart for FuboTV, noteworthy are the green and yellow lines. As you can see we did not have 1 full candle (the entire body) above the yellow line which means the resistance was not passed and thus NOT a breakout, as you can see had you prematurely bought a call thinking we'd breakout you were wrong and would have lost some money lol! However the rest looked good: (1) bullish overbought momentum (green dot on my indicator above the redlines) (2) big green volume (3) squeeze release (high volatility, Bollinger Bands exited the Keltner channel as see by the grey crosses on my indicator)
Day trade finished under 5 minutes. Learn how to day trade. You don't have to sit in front of the screens whole day. I usually finish in first 1 hour of the market open..$$$$
Please note. It is not easy but doable. Once learned anyone can quit 9-5 job. Best business in the world.
Can not really ignore that volume.FUBO made a beautiful break above 30 today. I have been watching FUBO base and reject off the 30 zone for while now. See previous posts. Price gapped up this morning consolidated for a bit then exploded higher. If you missed the move is best not to chase the latter part of the move because a lot of the volume may have been shorts covering. Once the shorts are thinned out there can be a vacuum effect and price falls back down. Best entry now would be a pull back into the shaded box with targets at the dotted lines above. If price gaps up into the lower target I would wait for a reset. By that I mean wait for price to consolidate and play the break to the higher targets. Given the volume today there is a good chance price has more to go.
Fubo TV: Time to Watch: Canada By Sun Storm Investment Research
A Profit & Solutions Strategy
Disclaimer: I am not a financial advisor, so please do your own research before trading anything
FUBO short squeeze!Will have strong resistance at ~40. In the upcoming days if it breaks that first gap up (purple box) FUBO will likely jump another $10 to the next gap box. Price target within 3 months is $62. Good luck and don’t forget to set your stop losses!
lets go for new ATH ,after great support and news!After great support at 50MA +17% , we will see new ATH , short covering etc!
The company today annouced great news for new aquisition!
see you at 150$ !
FUBO - Did We Miss it Premarket? Should DKNG Be Worried?FUBO - Did We Miss it Premarket?
Possible gap fill to 32?
Entry = 23 - 28
1st Target = .236@32
2nd target = .382@38
3rd target = .5@42
HODL Target = +53
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This content is for informational and educational purposes only. This is not in any way, shape or form financial or trading advice.
Good luck, happy trading and stay chill,
2degreez
Bar reply of FUBO on 5m chart shows turning pointEach stock has a character/personality constituted by collected forces of how its participant's trading behaviors.
FUBO, as a recently trendy stock, has a personality of having a lot of short-term trading. For those people, they are trading based on a smaller time scale, such as 1m or 5m. This trend is unseeable or at least not apparent at a higher level if you are used to looking at 1h or 1d charts.
This bar reply uses the "Estimated MA" indicator and the "Turbulence with direction" indicator at the 5m level to show the uptrend turning point was, in fact, on Dec 23. And currently, until Jan 8, there is no bullish signal to enter this underlying.
I hope individual investors/traders can avoid losing money on this stock.
FUBO Reaching Old SupportFUBO broke down today and hit old support. Look for a bounce back with big possible upside.
FUBO setting up againStopped out yesterday on the deep pull back and nervousness re the election. It is setting up again now for a break of 30.
Additional Info:
I am an intraday scalper and short term swing trader of stocks & Futures using options and equity.
I focus on high volume momentum stocks in strong uptrends.
My time frame is between 5minutes to 5 days on most trades.
I scale into positions and scale out of positions as my targets are hit.
I always trail my stops after T1 is hit to reduce risk and lock in gains.
If my post is on a Weekly/Daily/240M chart the idea is a swing trade.
If my post is on a 60M chart or lower the idea is a day trade.
Day trades can turn into swing trades if the stock is strong.
All trades should be supported by market direction.
Treat my posts as trade ideas and not signals.
Traders must trade using their own back tested trade plan and rules.
Traders must plan risk first and profits second.
Happy Trading!ped on the pull back yesterday, but it its setting up again. A break of 30 looks promising.
FUBO - BULLISH Ascending Triangle @15min time frame - BE READY FUBO - BULLISH Ascending Triangle @15min time frame - BE READY
