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!
fuboTV Inc. ( NYSE:FUBO ) Sector: Technology Services (Internet Software/Services) Market Capitalization: $993.186M Current Price: $5.36 Breakout price trigger: $6.00 Buy Zone (Top/Bottom Range): $5.50-$4.10 Price Target: $8.10-$8.60 Estimated Duration to Target: 30-34d Contract of Interest: $FUBO 9/16/22 6c Trade price as of publish date: $0.77/contract
Fubo is in the midst of a powerful downtrend. It is already down more than 70% in the last few months, and my count leads me to believe that shares will lose another 50% of value before this sell-off concludes. If you hold a long position currently, you should strongly consider selling.
$FUBO is one of these stocks that I always hoped I had as a huge soccer fan in the United States. I have been a subscriber for over a year now and I'm loving it. I was hoping for it to drop to the 22ish region when it was in the 30s so I can load up but didn't have enough cash to do so. I do now and I'll be loading up at these delicious price levels. Another...
Elliot wave count for Fubo using a weekly chart. Expecting new ATHs before the year ends. Price just broke out of massive inverse H&S pattern. Expecting a steep rip to 50-60 between now and Nov 10 (post earnings). Should ultimately reach about 240 in the next 1-2 years.
Right at 100 day moving average and sitting at the volume shelf.. More than average volume today. Ready for the next leg up $FUBO bulls..
Looks like we are finishing up the first wave within a larger degree third wave. Very fun times ahead. 70+ by November-December
A break above $35 will bring on $43 very quickly. A break below $26 and it's likely we could see $21. I'm bullish.
Currently in a Wave 2 pullback. Should bottom in the 28-29 region. This is a 1-2, 1-2 setup, so the next move to 40+ should be strong and violent. Hard to imagine price won't break 40 by the end of August.
Strong, sharp, bullish MFI divergence. Institutions have been accumulating throughout this consolidation period. Upside targets are $35, $40.
The setup is looking good for Fubo. The bottom held, as expected. Expect $ to start flowing into small caps from large caps. Will probably dip to 26-26.5 then rip tomorrow. 30+ before earnings and 40+ after.
-Cup & Handle (daily) -Inverse Head & Shoulders (daily) -Demand Zone (daily): 20.62 - 21.62) Either play at the break of the wedge (handle) or wait until the demand area to enter long. We are currently below the 50 and 200 SMA which is a bearish trend. I would like it to get above those levels to enter for a possible target of around 30-35 level. NYSE:FUBO
On July 10th I called a bottom on Fubo when price struck $25.54. Since then, we have seen price dip as low as $24.60. However, I am still standing firm that Fubo has bottomed. As you can see there are key divergences in MACD and RSI, indicating that a shift in trend is about to take place. Also, the Russell 2000 is presently sitting on the confluence of a 6-month...
It appears that Fubo's second wave bottomed at about $25. There was a strong bounce, so I have reason to believe that may have been the bottom. However, we will need to see more follow through going into next week. A break of $35 will indicate that we are definitely in the heart of the 3rd wave. Price target for this third wave is $70-$90
It looks like Fubo is backtesting the breakout of a 6-month downward trend line. If the backtest occurs next week, it will likely take place right around $28. This also lines up with my wave count on the 15-min chart.
Looks like Fubo is ready begin its wave 5 pullback to 28
Bad News: Fubo is approximately 12% off of its recent high. Good News: I believe that the worst of this correction is over. I think that Fubo will set one more low around $30. Then I will be watching closely for a clean 5-wave move off of that low for confirmation that the bottom is in. RSI has formed a bullish ascending triangle pattern, so I expect eventual...