A long idea for $FUBO managing to breakout of this downward trend before earnings would be a great move as FUBO hopefully competes with ROKU and DIS earnings. I believe we saw a bottom yesterday with the SPY dip and saw a nice reversal at the end of the day rather than a false bounce. With large institutional ownership, if we see momentum building, this will no doubt squeeze some shorts on its way up.
Comment:
Curling MACD and a low RSI indicate that the buying has yet to start and we are primed for a run