AndyTheKing

FUBO - Don't chase, patience...

Long
NYSE:FUBO   FUBOTV INC
Similar to the SNDL chart I posted yesterday, FUBO is cooling off and returning back to a more reasonable buying zone.

Despite Twitter being bullish at current price levels, I believe a more ideal risk/reward long trade is a bit further down.

Technical reasons for the trade:

→ Price has exploded on high volume . This means more eyes are on this stock, with people who missed the first move wanting in on the action
→ Very little volume traded overhead. When this breaks the old highs, it will fly. Extra rocket fuel with the current short float of 39% (!!!) according to finviz
→ Price retracing back into the RLZ. Ideal buy entry at the 0.618 fib level

Good luck!

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