FUBO trade ideas
FUBO ready for a reversal soonAfter a steep decline, with fundamentals being intact we hope to see a reversal here!
This is just an idea, Please do your own research. This is not any form of investment advice or form of financial advice.
FUBO Looking Bullish1. Fundamentally strong company, Currently moving like a penny stock though due to its uncommon news & false rumors.
2. Looks like it’s ready to squeeze out of this channel.
3. Analyst have a bear $35 PT and a $60 PT.
4. Be patient, and don’t let the short sellers scare you.
possible "short term" rebound, target $26Please note:
- I'm just sharing my view. its not a recommendation for buying or selling.
$FUBO Gartley, ABCD triggers See chart for detailed long set up, watching highlighted ABCD level, 1.272% ext and D leg (786) for price action to long, Targets are 382, 618 & . If you see chart on twitter & i did not post here its bc i run out of plans a few times a week, i do try to update here but i do forget, pretty sure $MU is on my timeline but i got 15 messages about where i posted it , always see dates on plan's as well that one was over a week ago posted. I only get ten plans every 24 hours, i try to do charts for others but i miss post that do really well i can not share here, tough balance.
Long-term buy area for FUBOFUBO may be finding a double bottom at this major support area, giving an opportunity to scale in longs.
FUBO swingShort term, bouncing off fib retracement. Risk is trendline and if it dumps under lower support. Reward is scale out at higher resistance imo. Buy signal is the MACD cross.
$FUBO- A Wedge Within A WedgeFuboTV shares have formed a small breakout wedge within their larger brekout wedge, which means we could see a quick jump in the price very soon. Target the $40 zone for the short term, and for the longer-term $57. Stop loss at $25. Good Luck!
[FUBO] Iron Condor - the FuboTV Inc EVENT play
Another lazy trade for today, just an event play.
Very risky to holding neutral positions in uptrend, so literally just for a few days on table.
Event plays are usually a "trade and pray" strategy, so I'm not preferring (TastyTrader Bob and Tom like it, but I've sucked many times width them)
In current case I've decided to take the risk.
(1) MurreyMath distances
More than 5 MurreyMath fraction distance (5/8) for break even border, current price almost the middle of it.
I'm judged to secure area 2.5 fraction up, 2.5 fraction down.
(2) Nearest pivot points detecting danger area
Secure level upside is $54, downside: $30.
Inside this I can sleep well. Outside this I'm looking for any kind of minimal profitable exit point.
CONCLUSION: Iron Condor for today event
Buy 1 FUBO April16' 20 put Sell 1 FUBO April16' 25 put
Sell 1 FUBO April16' 60 call Buy 1 FUBO April16' 65 call
Expiry: 45 days
Take profit: after event at the first possible moment.
Risk management: I'm closing the trade immediately - if the daily bar closing outside my strikes - and I'm cutting my loss . (no matter what I'm believing)- usually I'm losing mutch less than my max profit in this case. Danger zone check every day.
$FUBO | Bullish Wedge + Inverse Head and Shoulders $FUBO broke out of a falling wedge and formed a bullish Inverse Head and Shoulders pattern.
Watch for a breakout of the neckline for initial confirmation. Secondary confirmation above $34.
Initial short-term target is $37 to fill the gap.
Let me know what you think in the comments and leave a like if you agree with my analysis! 👍🏽
FUBO (requested by chasesoulpro); This stock has only been actively traded for about 3 years. And so. IMHO. the Weekly chart is not going to be very helpful, which means it's better to trade it short term.
From Daily chart perspective, price just bounced of the $28-30 congested area and there seems to be a stronger support at $20 area. Furthermore, it has broken down of a triangle.
So, a short term back up to $40 area can be expected. Will have to see the price action again if and when it reaches.
FUBO Bullish Gartley with Hidden Bullish Divergence Class B on DFUBO Bullish Gartley with Hidden Bullish Divergence Class B on D. Good r/r. NFA. DO your own DD.
FUBO, Hello fellow traders and investors, here's another trade idea.
FUBO has recently pulled back to the SMA200 and to the support area, previously FUBO tends to make a reversal whenever it approaches the support area. If FUBO makes a recovery it offers a little bit over a 48% ROI.
Technicals:
The Macd indicates that FUBO is oversold
The Ema's indicate that FUBO is still in a downtrend
The EMA's indicate that they're about to crossover.
When To Buy:
When EMA's crossover
When the Macd indicates a reversal by crossing its EMA
When To Sell:
I recommend selling around 50$ however if EMA's crossover because of the resistance level around 40$ I would close your trade while still profitable.
Fundamentals: FuboTV, Inc. is a digital entertainment company. The company is focused on offering consumers a live television (TV) streaming platform for sports, news, and entertainment. They have good growth in sales at around 955% Q/Q however they are not profitable at an ROI of -13.5% and ROE of -469% which is absolutely terrible.
Rating: 50/100 because FUBO is losing money they got 50/100. The technicals are okay but there's a key resistance where it could potentially reverse to the downside.
I hope you enjoyed this quick analysis and many more to come.
If you enjoyed leave a like, follow, comment your thoughts and share this trade idea.
Thanks.
