WadeYendall

Can not really ignore that volume.

Long
NYSE:FUBO   FUBOTV INC
FUBO made a beautiful break above 30 today. I have been watching FUBO base and reject off the 30 zone for while now. See previous posts. Price gapped up this morning consolidated for a bit then exploded higher. If you missed the move is best not to chase the latter part of the move because a lot of the volume may have been shorts covering. Once the shorts are thinned out there can be a vacuum effect and price falls back down. Best entry now would be a pull back into the shaded box with targets at the dotted lines above. If price gaps up into the lower target I would wait for a reset. By that I mean wait for price to consolidate and play the break to the higher targets. Given the volume today there is a good chance price has more to go.
Comment: For those looking to enter this here is how I would like to play. Because it has gapped the next target would be the 618 at about 43. My preferred setup would be a pull back into the first green box at 36/34. If it runs I don't chase. Make sure you have a plan and know your time frame. If you are thinking longer term its OK to start building a position over time. ie buying in 3 lots to get a good average price. As long as this stays above the lower green box the base would be intact.
Comment: So FUBO offered a good entry in the 35/36 zone with a quick push to 38. I was already in the name so I actually added at 35.80 and trimmed again at 38.. My stops are at break even hoping for a push above 40 on the rest. Let see how it plays out. Hope the detail helps.

Comment: Took off another 1/3 close to break even. Holding last bit longer term if it can stay above 30.
Comment: Holding small bit but don't really like the price action. Could do this for a while. Another break below 30 and I'll close the rest.
Comment: Working again. Will like re chart this one if price can work its way up close to 40.
Comment: Wasn't able to re-chart this but I hope some people stayed in and caught this move. Hit all my original targets.

Comments

Thanks. Beautiful looking chart, Keep up good job, and follow up.
Reply
Agree. Let's hope it will rise up to upper 50..
Reply
Great spot , beautiful looking chart

Reply
I hope to entry at 29-30. when pulls back.
Reply
@vik0q, That would be a nice entry. I'm hoping to add in the 33/34 area.
Reply
vik0q WadeYendall
@WadeYendall, I just checked the price, is not pulling back, you are right 34 is more reasonable
Reply
WinstonWallace WadeYendall
@WadeYendall, Premarket is 39... should we enter at that price? thoughts?
Reply
WadeYendall WinstonWallace
@WinstonWallace, Best not to chase IMO. At the very least you should always wait for price to consolidate /Flag before entry. It could explode higher at the open but if you jump its just a gamble because its hard to plan a stop. Of course I am describing my strategy. I may very few entries in the first 30 minutes. There are many that would trade this will a 5minute opening range strategy and are successful. Just make sure you have a plan before any entry.
Reply
WinstonWallace WadeYendall
@WadeYendall, Entered in 37,7. Now lets Pray!! hehe Towards 40!!
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Private Messages Chat Sign Out