Fubo just completed a textbook 5-wave impulsive pattern off the lows. Very bullish. Now Fubo is due for a Wave 2 pullback that will likely terminate in the $25-$29 region. However, given how bullish Fubo has been lately, it may only be a shallow correction to about 30. Longterm price target is $130
Elliot Wave Analysis of Fubo. Looks like we are finishing up a larger degree Wave 1 off of the May lows. Should top out around the 40-42 region and be succeeded by a Wave 2 that will draw Fubo back to the low 30s. However, then we will enter a larger degree wave 3 that should take Fubo to $100+
Fubotv Inc (NYSE:FUBO) The daily chart is looking good for this stock and we could be looking at the start of a sustained price recovery. The price may start forming the second ascending impulse to break the descending channel. I think we could see more gains from this stock over the next few trading sessions.
(Video breakdown) $FUBO has earnings on 5/11 and as its dropped to these low levels I am expecting shorts to start covering and we could see a potential bounce up to resistance in the 28.00-27.50 range.
Looking for FUBO to breakout of this wedge to the upside tomorrow and possibly make a big move and retest resistance around 22.92.
A move on Fubotv Inc (NYSE:FUBO) above $26.2 could spark a nice short-squeeze next week. Looking at the technical daily chart there are several indications I see which suggest a potential bottom formation, including large positive divergences on MACD in daily. If the potential buy signal confirms itself, we will be looking for a move to the resistance area at...
FUBO is operating inside the descending channel. I personally prefer LONG position, but it is always better to wait for the channel breakout and then BUY. ENTRY LEVELS LONG: $23 $27 $34 after the breakout
$FUBO looks on target to test ATH's by the end of March/Beginning of April at this pace. Needs to put in a wave 3-4 before the swing that will complete the length of the pitchfork .
Fubo TV, sport streaming and betting business. Analyst target is 60usd. Let's see where the bounce is taking us. Good entry here with stop loss below previous high on daily. Trade safe.