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 tv acquires Acquires Exclusive Streaming Rights for South American Qatar World Cup 2022 Qualifying Matches
in plus the chart highling some important information that will lead the price to rise.
The price is bouncing on the border ( see main chart)
the orange area (good for entering at lower prices ) started on MTF pressure indicator ( the center chart )...
$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
FUBO is dealing with a lawsuit lately and their price has been reflecting it lately. If they recover from this fundamentally I think they have great potential as a company. The technicals look good. It looks like we could see a bounce of support tomorrow if volume is high enough. Remember to be careful while picking stocks, Happy Trading!!
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.
200DMA acted as a good support along with the market turnaround. Now looking to have that oversold bounce to $30 If the momentum continues it can hit $35 enroute to $27
$30->$27->35
➡️Pattern recognized:
Potential regular flat Elliott Correction Wave
➡️Hypothesis:
Bullish
➡️Inter-market analysis: XLC 👇
➡️Conclusion:
No immediate pattern recognized, keep waiting.
***This does not constitute financial advice.***
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#FUBO #NYSE coming close to the apex point for me needs a bit of a drop first, for a gain of around 70-100%, just trying to be precise n a bit greedy here, but also don't want to miss the trade so will buy 25%of it when i can n will wait for the price to come in my range for the rest, this way if it doesn't reverse atleast i got something on it. just my view
$FUBO chart has created a head and shoulders pattern on the daily chart and is around the shoulder area currently.
Entry- Around $22.50
Stop- Just below $20.00
Exit- 26.88, 34.81, 43.26
