Elliot Wave Analysis of Fubo. Looks like we are finishing up a larger degree Wave 1 off of the May lows. Should top out around the 40-42 region and be succeeded by a Wave 2 that will draw Fubo back to the low 30s. However, then we will enter a larger degree wave 3 that should take Fubo to $100+
Looks bullish and $30 may be in place !!! It must stay above that pink line
After today's rally on fubo I think it is going to consolidate and enter an accumulation period in which it will drop to the low 20's and will come fighting back after to get back to it's december highs. I will update this thread often.
After reaching all time highs as a result of "short squeeze" during late 2020 $FUBO crashed to $23 forming a support line. The price of the stock increased to $58 per stock with good news on acquiring streaming rights of European Football games. People started dumping their stocks (including me) making a huge profit and got out of game. I would say overall Fubo...
Even with missing expectations everything else on this stock has been extremely good and the price is very under valued. Expecting a boom in this soon. by iCant84it 05.17.2021
Fubotv Inc (NYSE:FUBO) The daily chart is looking good for this stock and we could be looking at the start of a sustained price recovery. The price may start forming the second ascending impulse to break the descending channel. I think we could see more gains from this stock over the next few trading sessions.
(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
It is currently rebounding above the 0.61 retracement of the entire upward movement, which coincides with the floor of the medium-term bearish channel. The daily RSI is oversold. Several parameters that could indicate a downward price depletion and a possible trend reversal in search of the center of the downward channel in the first instance.
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
FUBO baby is consolidating around the 200SMA for a while. Strong support around the $21 and also look at the VOLUME on 4/9!!!
Quick recap on last weeks trade and where we are at on the daily.$FUBO
FuboTV popped 12.7% Friday after the sports-focused streaming service announced a deal for the exclusive rights to a major set of soccer matches. Price supported by 200D MA. Break and closed below recent low @ $20, the bear will continue. Resistance. $26/$30
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...