We have caught wins on this name previously. Here we see a decent position to take again with an excellent Ratio of 4.37. This looks to be one of our foundational holdings in the current Market environment.
FUBO fuboTV is at 52 week low, oversold (RSI at 23).
Looking at the FUBO fuboTV options chain, I would buy the $2 strike price Calls with
2023-3-17 expiration date for about
$0.36 premium.
FUBO fuboTV is one of My Top Stock Picks for 2023!
If FUBO can get a weekly close this month above above its 1W 20D MA, $3.75, it could gap up by the end of the year to its 50D MA, currently sitting at $12.86.
The market conditions appear to be turning a corner, and FUBO finally beat its EPS estimate in Q2 2022, losing less than expected this past quarter. The fundamentals of the business model are questionable,...
FUBO with a weekly crab harmonic PRZ around 3$ level
first trade at $3.80 C leg a smidge higher than ideal but fits the bill of a Harmonic Crab barring that,
Long @$3.80
T1 @ $15.03
T2 @ $22.74
SL (moved to entry following move up) @$3.80
Yes i know last time i charted this, the stock got completely destroyed due to the market conditions and inflation. The stop loss saved me of course.
Again, it is looking interesting to me here. Falling wedge with bullish rsi divergence.
They also just got the Serie A rights and Premier League rights in Canada along with the betting.
Could be a nice trade...
Is a buyout coming
$FuboTV(FUBO.US)$FUBO is at a turning point. It is either going to rocket from this point on or it will collapse. So the worst case is losing $3.45 but what are the opportunities. FUBO is up 7.75% today when DKNG and PENN barely made 2%. So what's going on?
I know there are alot of BS news on this company but the chart is telling me something completely different. Follow my chart and you will see who is right. This company is a takeover target. If $DKNG don't buy them they are ________.
Insane, irrational market with lots of volatility right now. Let's get insane and volatile ourselves and buy some $FUBO.
$FUBO could easily break out to $10-12 range *at some point* in 2022.
Read through the 10-Q for Q122 - yikes lol...that being said, there were some positives as well. Revenue doubled YOY and this stock has been absolutely pummeled along with...
fubo potential resistance on chart
there are more room for soaring
the week in markets will close in positive levels after 6 weeks in row negative
disclaimer
Even though I wonder if World Cup (football) - American soccer - will help this stock rally, this trade idea is purely technical with low risk. You can see an expanded weekly chart to see how few times price has dipped below $4.00. Notice how long RSI and stochastic have lingered in oversold territory, and on a weekly chart this is unusual.
Based on my...
Signs:
Bullish divergence on MACD
Descending wedge contracting
It's seems to be following below the 20EMA, so for this to work I think it needs to break out above it.
Yellow lines show bullish divergence between RSI and price
Yellow oval shows stochastic %K buy alert
As stochastic %D rounds up, price can move to 8.40-8.80 as a first target
Exit position on a break of 11April low - ultra low risk
I suggest buying stock and holding through earnings. If you buy calls then go a few months out.
