Fubo Stock Forecast: Up, But What To Consider In 2021
Fubo is a sports-focused alternative to cable TV. Shares have risen sharply since their IPO.
The company is developing a sportsbook that integrates with their TV platform. I think this is a brilliant strategy.
Their convertible debt is a better deal than the stock, but the shares could be worth a...
I think fubo is going to rally for the next few weeks followed by an accumulation period. This accumulation period will lead to the november-december highs. This is based on the world cup streamings happening soon and further plans being announced.
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.
Hopefully you find the chart helpful in terms of Supports & Resistance etc.
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FUBO oversold in multiple timeframes and hit bottom support. Potential Targets from the 382 @$30 to the 618 @$40. If we golden cross on the daily on multiple timeframes we are potentially making new highs.
My marketMiracle advisor returned a purchase signal on $FUBO FUBOTV at a price of 21.43 USD with a target of 134.21 USD or a potential profit of 526 %.. To be honest, I think it is a bit too much, but we are well aware of the volatility characteristics of low-cap securities.
Now, wanting to see the situation on the graph I do not feel like tracing a possible...
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.
