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TomDaSpankEngine

FUBO: Short term weakness is almost over

Long
fuboTV Inc. (NYSE:FUBO)  
TomDaSpankEngine  
NYSE:FUBO   fuboTV Inc.
Technical Indicators Elliott Wave Fibonacci FUBO fubotv fubostock fubolong fubotvinc fubooutlook
5
1
indicator elliottwaves fibonacci fubo fubotv fubostock fubolong fubotvinc fubooutlook
Bad News: Fubo is approximately 12% off of its recent high.
Good News: I believe that the worst of this correction is over. I think that Fubo will set one more low around $30. Then I will be watching closely for a clean 5-wave move off of that low for confirmation that the bottom is in.
RSI has formed a bullish ascending triangle pattern, so I expect eventual break to the upside.
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