FUBO is currently uptrending nicely in the middle of a primary wave 3.
It is currently sitting at the lower bound of the pitchfork, so it is a BUY.
Primary target 104.96 by June before a nasty correction to 74.
--FUNDAMENTALS--
Fubo is a sports streaming service. They're seeking to differentiate themselves from YoutubeTV/other competitors by offering live sports betting on their service. I believe they're also looking to sign exclusive sport streaming deals as well to further differentiate themselves.
With the recent Cuomo tweet seeking to legalize sports betting to help a battered NYC recover, we can assume the rest of America will follow suit due to the need for tax dollars.
It is currently sitting at the lower bound of the pitchfork, so it is a BUY.
Primary target 104.96 by June before a nasty correction to 74.
--FUNDAMENTALS--
Fubo is a sports streaming service. They're seeking to differentiate themselves from YoutubeTV/other competitors by offering live sports betting on their service. I believe they're also looking to sign exclusive sport streaming deals as well to further differentiate themselves.
With the recent Cuomo tweet seeking to legalize sports betting to help a battered NYC recover, we can assume the rest of America will follow suit due to the need for tax dollars.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.