$FUBO BULLISH ENGULFING PATTERN ON THE DAILY
FUBO recently retraced to the 38% fib level.
I'd like the price to close above the 50ma on the hourly with significant volume to confirm, but I have been in FUBO a while.
Possible cup and handle forming on the hourly
Revenue rose 71% in the third quarter, and growth accelerated to between 77% and 84% in the fourth quarter, based on preliminary results it announced earlier this month.
Lots of recent institutional buys
A lot of short interest so room to squeeze
Roku ($468 at writing) generates less than 1/3 as much per user in ad revenue
fuboTV's ad revenue is more than either Disney or Apple are ringing up in subscription revenue per user
Fubo has also acquired small sports betting companies including fantasy sports and a betting book by EOY
Caveats
"Rich Greenfield at LightShed Partners lowered his price target on the stock from $8 to $6.50, arguing that the platform operator will need to raise at least $1 billion in equity this year to bankroll its sports betting strategy." (motleyfool.com)
This is why Fubo is shorted so heavily
I'd like the price to close above the 50ma on the hourly with significant volume to confirm, but I have been in FUBO a while.
Possible cup and handle forming on the hourly
Revenue rose 71% in the third quarter, and growth accelerated to between 77% and 84% in the fourth quarter, based on preliminary results it announced earlier this month.
Lots of recent institutional buys
A lot of short interest so room to squeeze
Roku ($468 at writing) generates less than 1/3 as much per user in ad revenue
fuboTV's ad revenue is more than either Disney or Apple are ringing up in subscription revenue per user
Fubo has also acquired small sports betting companies including fantasy sports and a betting book by EOY
Caveats
"Rich Greenfield at LightShed Partners lowered his price target on the stock from $8 to $6.50, arguing that the platform operator will need to raise at least $1 billion in equity this year to bankroll its sports betting strategy." (motleyfool.com)
This is why Fubo is shorted so heavily
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