FUBO trade ideas
fubo 2/19really like fubo this week, bounced of 34/50 ema cloud and looking for a reversal, want it to hold above .618 fib level along with some volume to get in a call potentially
FUBOCan buy stock here closer to 20 DMA $500.
44.25 target to buy stock.
32.77 Stop stock, 71.29 Trgt stock
Buy 2 Apr 16 $60 in green area.
Trendline options Stop, 51.59-53.59 area option target
$FUBO BULLISH ENGULFING PATTERN ON THE DAILYFUBO recently retraced to the 38% fib level.
I'd like the price to close above the 50ma on the hourly with significant volume to confirm, but I have been in FUBO a while.
Possible cup and handle forming on the hourly
Revenue rose 71% in the third quarter, and growth accelerated to between 77% and 84% in the fourth quarter, based on preliminary results it announced earlier this month.
Lots of recent institutional buys
A lot of short interest so room to squeeze
Roku ($468 at writing) generates less than 1/3 as much per user in ad revenue
fuboTV's ad revenue is more than either Disney or Apple are ringing up in subscription revenue per user
Fubo has also acquired small sports betting companies including fantasy sports and a betting book by EOY
Caveats
"Rich Greenfield at LightShed Partners lowered his price target on the stock from $8 to $6.50, arguing that the platform operator will need to raise at least $1 billion in equity this year to bankroll its sports betting strategy." (motleyfool.com)
This is why Fubo is shorted so heavily
My take on FuboNOT FINANCIAL ADVISE
Fubo looks like it can break out any minute. My PT is quite high ~ 63.
BUY $FUBO - 02.15.2021Stockonomy Weekly Pick 02.15.2021
$FUBO Price has been everywhere in the past few months trading on large volumes.
Price seems to have began a new uptrend on high accumulation volumes and lower consolidation volumes.
Price recently pulled back to the 38.2% Fibonacci Level with an oversold StochRSI reading.
Price may dip to 61.8% before continuing upward so watch price action closely.
Make or BreakI believe this will reverse the direction. Would love to see shorts to get burned.
The symmetric triangle is formed.
$FUBO Low Volume Pullback to 21D EMA - Possible EntryI'm already long FUBO, but if you're looking for a technical entry along side the Goldman Sachs position here you go. A amazing low volume pullback to the 21 EMA.
Earnings anticipation will also cause upward pressure over the next few weeks.
$FUBO reversal soon.618 retracement, bottom of channel support, and 20 ema support. Had trouble breaking all 3 of these today, I think we might see a reversal soon!
$FUBOLevels that $FUBO can play out in. Above the median of the pitchfork will make it work it’s upper levels. Levels that hold it will continue to climb up or down.
buy FUBO nowBuy it because it has hit its support LEVEL.
also, our price target by the end of the week is 52
