FUBO
FUBO - Did We Miss it Premarket? Should DKNG Be Worried?FUBO - Did We Miss it Premarket?
Possible gap fill to 32?
Entry = 23 - 28
1st Target = .236@32
2nd target = .382@38
3rd target = .5@42
HODL Target = +53
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This content is for informational and educational purposes only. This is not in any way, shape or form financial or trading advice.
Good luck, happy trading and stay chill,
2degreez
Good entry point on FUBO; finding support on the 21EMAFUBO retraced about 42.35% from the previous swing high and is now finding support on the 21-ema. It touched the 21-ema yesterday and again today. It is now sitting on the .5 fib retracement and finding resistance on the 14-ema. Additionally, the stochastic RSI is starting to curl up, which is a sign of change in momentum.
This doesn't mean it couldn't go lower (I personally don't think it will) but this level is a good first entry point. I entered yesterday and today with an average buy price of $37.72. If it retraces further down I am looking to add to my position around the .618 fib level and the 50-ema.
***THE IDEAS SHARED HERE ARE MY OPINION. THIS IS NOT FINANCIAL ADVISE TO PLACE TRADES. PLEASE DO YOUR OWN RESEARCH AND ANALYSIS BEFORE BUYING/SELLING STOCKS.***