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.
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.