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StockPickingEnthusiast
Apr 7, 2021 4:17 PM

20.49 .618 Fibonacci Retracement Long

fuboTV Inc.NYSE

Description

Not a guarantee - but leads me to believe that is a strong support and potential level of reversal where volume comes in.

$24 call options are on fire today for two weeks out.

Trade active

Moment of truth for bulls. Need to recapture above the 21.50ish level.

Trade active

I am jumping into the $24 calls with expiration of 4/16 here. $21.15 could be reversal area into the close.

Trade active

Trade active

Multi-year ceiling should now act as support here.

Comment

Needs to break above 21.4 to increase bullishness.
Comments
Flexfam83
Do you mind if I share to Webull and others?
StockPickingEnthusiast
@Flexfam83, Go right ahead. I posted an updated thread since this one got messy.
StockPickingEnthusiast
@StockPickingEnthusiast, BABA looks good here too.
Flexfam83
Oh how I pray for the reversal... thanks man!
StockPickingEnthusiast
@Flexfam83, I'd lighten back up around $25-$27 if it has counter trend reversal rally. Just my humble opinion. $27 is supply.
StockPickingEnthusiast
@Flexfam83, This is either a fake breakdown which could snap back quickly with short-covering into the close. Or it wants $20.49

Be safe, here is what I see on each side currently.

StockPickingEnthusiast
@Flexfam83, Came very very close. Check out that longer term trend line from the bottom awhile back. Right at todays low. Crazy.

Flexfam83
@StockPickingEnthusiast, that is very very close and very good work....but it keeps the line, but a little better of course
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