lauralea

ABC Bullish

Long
NYSE:FUBO   FUBOTV INC
Possible stop under C or last pivot low..which using these pivot points is C so not much help..

(I had used some pivots on here that were little triangles but can not find them) I liked them because I do not like a lot of stuff on the chart..

This one has been high then possibly found a bottom..lots of volume off and on in last few weeks..

You may want to find a different long entry level than the one I used. It does make a difference on the targets as the AB leg length and fib levels are added to long entry level..

Not a recommendation

Buy Red/Sell Green...

Long entry level is important so you do not have to look at losses everyday. Negative )o:
I am thinking smart money got in this at the bottom like before it broke to the upside between 8 and $10...is usually smart money accumulation phase. Some older stocks could have been accumulated decades ago by smart money. Then there is the general public accumulation phase which is usually after an uptrend has started. Then there is distibution by smart money continually up to and at the top. Many times the general public is still buying while they are selling..be safe
Comment: There has to be a buyer for every seller..confusing until I thought hard about it (I do not do that often..lol) I guess it is a supply and demand thing. My thoughts: There has to be buyers to buy every share that a seller sells, just supply is up and demand is down so price goes down, so the seller takes less I suppose. If there is more demand than supply then the seller demands more so the price goes up.???

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