No position but it seems to have found a solid bottom.
(Video breakdown) $FUBO has earnings on 5/11 and as its dropped to these low levels I am expecting shorts to start covering and we could see a potential bounce up to resistance in the 28.00-27.50 range.
FUBO could show more upside if it can cross above this neckline here
I've been hoping that Fubo remains above the 99 days moving average and doesn't get bearish cause I saw Fubo for the first look a bat but today I see a crab! crab harmonic pattern: CD=1.6 XA=$6.7 or CD=2.6 BC=$5 or CD=3.6 BC=$2
Based on long term support, FUBO is due to rally 60% to its target resistance.
FUBO - NEUTRAL - FUBO currently at a major decisive point. Scenarios: Long: - Bounced off of .786 Fib - Giant Volume Candle on the daily - Possible ignition of trend reversal (to the upside) - Look to enter long if a 30m candle closes above $25, target Point of Control at 28. Might move higher to .618 fib at 29.50 - Bottoming out action present chart -...
Quick recap on last weeks trade and where we are at on the daily.$FUBO
World Cup 2022 partnership with Fubo. Nice catalyst. Oversold and needs atleast a relief bounce so this news should drive it.
A move on Fubotv Inc (NYSE:FUBO) above $26.2 could spark a nice short-squeeze next week. Looking at the technical daily chart there are several indications I see which suggest a potential bottom formation, including large positive divergences on MACD in daily. If the potential buy signal confirms itself, we will be looking for a move to the resistance area at...
Largest buy volume in charts history this past Friday. 600% above average and 25% higher than previous biggest volume. Bounced off of 0.764 fib and 200dma. Looking for a run to next horizontal resistance that coincides with the 0.618 fib (29-29.50). Small pull back before a run to 35. This is major horizontal resistance and would complete the head of a potential...
Fubo with the largest buy volume in the charts history this past Friday. 25% higher than previous high volume and 600% the average daily volume. Bounce off the 0.764 fib. Next horizontal level of resistance is approx 29-29.50. Also coincides with the 0.618 fib and is a major volume node. That’s target 1 where I would expect small pullback as people take profits...
With the latest news that FUBOTV has acquired the exclusive live streaming rights to the Qatar World Cup 2022 Qualifying matches of the South American Football Confederation, CONMEBOL, the stock price may now be ready to touch 32 (and above) -N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
$FUBO Elliot wave action into 3d 0.786 and plus ABC landing in those two red line areas Looking at new Elliot wave formation, or 3d BIG wave if whole structure is 1 and 2
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.