FUBO trade ideas
we have alrerady found the bottom from this decline..the stock at 30$ price levels seems that have not shares for sell .. the sort sellers are out of "bullets"
30$ is the new support.
Fubo done correcting and currently at support. IF support is not broken we are looking at a very nice ride back up. Still bullish while support holds.
FUBO 2021-01-19FUBO is currently uptrending nicely in the middle of a primary wave 3.
It is currently sitting at the lower bound of the pitchfork, so it is a BUY.
Primary target 104.96 by June before a nasty correction to 74.
--FUNDAMENTALS--
Fubo is a sports streaming service. They're seeking to differentiate themselves from YoutubeTV/other competitors by offering live sports betting on their service. I believe they're also looking to sign exclusive sport streaming deals as well to further differentiate themselves.
With the recent Cuomo tweet seeking to legalize sports betting to help a battered NYC recover, we can assume the rest of America will follow suit due to the need for tax dollars.
$fubo - bounce within $29-30 rangeforming what looks like a cup and handle.
there's buyers at support around $29-30, which is also where the c&h trendline bounce should occur. at that point i will go long.
Fubo on watchIf it breaks 29 first target is 25 then 20. Filled our first gap at 30 then attempted to fill the second gap at 40 but got rejected. If we bounce of that trendline it will attempt 40 again.
FUBO Cup and handle forming.Good loading zone for February calls here around $32. PT: $46->$57 ->$75
everything are okwe found again the orange line after a little days for support like 27$-28$ territories
We will close above 34,10$ and uptrend line ok.
Little accumulate at this prices then new game 40$+
2 Days -7% the punic and gamble investros are out. there fore keep calm and enjoy
we will see 160$ and ATH again
$FUBOSetup looks really neat, If it comes down to our (POI) zone then we open our pos. or atleast the support line(green dotted line).I will have my stoploss underneath the (POI) zone.
Volume looks good too. Really digging this setup.
Trade Safe.
if you relax we will see NEW ATH 160$We got in a new uptrtend today!
magnificent come back with BIG volume
KEEP CALM A STOP SELLING WITH SMALL GAINS ..
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)
