$FUBO IF ONLY...
1st Target : $60
Long Call: Buy 4x 21st Jan 2022 $45.00 Call @ $1.95
Entry cost: $780.00 (debit)
Maximum risk1: $780.00
Est. return1 at target price: $5,220.00 (669.2%)
Probability of profit: 21.3%
2nd Target : $130
Long Call: Buy 16x 21st Jan 2022 $75.00 Call @ $0.49
Entry cost: $784.00 (debit)
Maximum risk1: $784.00
Est. return1 at target price: $87,216.00 (11124.5%)
Probability of profit: 2.6%
FUBO
Monster bull flag on FUBO chartFubo has been on a nice run lately but I think its just getting started. I expect a massive breakout of this bull flag and a push to $38-$40 in the next few weeks. Great growth stock that is being slept on. Not for long though, FOMO buyers will be plowing in before you know it.
FUBO - BULLISHFUBO closed the week off above the volume shelf and buying volume this week surpassed the relative selling volume from last week. We are trading within a C&H setup and a Ascending triangle where I believe we will see a retest of the 34ish level before one more pullback towards 27-28 area and then lift off.
I am already long FUBO as I believe it has amazing upside in the future and looking for 53-56 in the short term.
IWM: Breakout or RejectionIf anyone has placed their position in IWM few days ago when I wrote my analysis on IWM, please be careful with tomorrow's small caps market as IWM has reached to the crucial pivotal resistance point, either they could breakout and all small caps stocks will continue to rally OR a strong rejection to downside. Small caps stocks like DKNG, PENN, AMC, CROX, UPWK, NVTA, APPS, M, FUBO will be affected accordingly. Plus, Jerome Powell will be speaking tomorrow at Jackson hole. Be mindful.