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Is FUBO setting up for a MASSIVE MOVE UP? 65% UpsideCharturday #1: NYSE:FUBO 📺 Weekly Chart: -H5 Indicator is GREEN -Wr% trending up from bottoms -Sitting on Volume Shelf -Triangle Pattern x2 - Need to breakout...again Daily Chart: -Triple Bottom with a liquidity grab below 3rd bottom -At volume shelf -At bottom of Wr% and swinging higher -Need to swing back up to $1.90 breakout area Targets if we breakout of any of the patterns: 🎯$2.17🎯$2.36🎯$2.52🎯$2.82 I'm in this trade and holding on due to the H5 indicator staying GREEN on the weekly. If you aren't in this trade it's not one worth entering until we have a breakout. Not financial advice.
NYSE:FUBOLong
by RonnieV29
2
FuboTV Stock Surges After Winning Preliminary InjunctionShares of fuboTV Inc. (NYSE: NYSE:FUBO ) skyrocketed by 35.5% in the morning session following a significant legal victory against the proposed Venu Sports joint venture, involving industry giants The Walt Disney Company, FOX Corp., and Warner Bros. Discovery. This joint venture was poised to dominate 60%-80% of live broadcast sports content, which Fubo argued would stifle competition and inflate consumer prices. The court’s decision to grant a preliminary injunction has not only buoyed FuboTV’s stock but also positioned the company as a champion of consumer rights in the streaming market. The Legal Victory: A Turning Point for FuboTV FuboTV's victory in the courtroom is being hailed as a win for both the company and consumers. David Gandler, co-founder and CEO of Fubo, emphasized that the ruling helps ensure a competitive marketplace with multiple sports streaming options, thereby protecting consumers from potential monopolistic practices by larger players in the industry. The injunction has had an immediate and profound impact on FuboTV's stock, which saw a massive gap up in Monday's premarket trading. The stock opened at $1.74, significantly higher than its previous close of $1.53, and continued to rise, last trading at $1.95 with a massive volume of 24,588,413 shares. This surge reflects the market’s positive reception of the ruling and the potential for a more favorable competitive environment in the sports streaming space. Technical Analysis: Navigating the Volatility While the legal victory has provided a significant short-term boost, FuboTV's stock remains highly volatile, which is evident in its historical price movements. Over the past year, FuboTV (NYSE: NYSE:FUBO ) has experienced 70 instances where its stock moved by more than 5% in a single session. However, a 35.5% jump is extraordinary even by Fubo’s standards, signaling that the market views this news as a major turning point. Key Technical Indicators: - 50-Day Moving Average: $1.30 - 200-Day Moving Average: $1.49 - Current Price: $1.91 (as of the time of writing) - P/E Ratio: -2.19 (indicating ongoing losses) The stock’s current price of $1.91 represents a 46.8% drop from its 52-week high of $3.56, reached in December 2023. Despite the recent surge, FuboTV’s stock is down 39.8% year-to-date, reflecting the broader challenges the company faces in turning its operations profitable. Market Sentiment: Mixed But Improving Despite the positive news, FuboTV remains a speculative play. The company reported 1.45 million paid subscribers in North America in its most recent quarter, up 24% year-over-year. However, it also posted a net loss of $25.8 million, underscoring the challenges it faces in achieving profitability. The market’s reaction to the injunction suggests a belief that FuboTV could leverage this legal win to improve its competitive standing, but the road to sustained profitability remains uncertain. Institutional Activity: A Vote of Confidence? Institutional investors have been active in FuboTV’s stock, with some increasing their stakes recently. Notably, Susquehanna Fundamental Investments LLC and Jacobs Levy Equity Management Inc. bought new positions in FuboTV during the first quarter, indicating a level of confidence in the company’s future prospects. Conclusion: A Potential Rebound Play with Risks FuboTV’s legal victory is a significant milestone that has reinvigorated investor interest in the stock. However, the company’s ongoing financial challenges and highly volatile stock price suggest that this is still a high-risk, high-reward investment. The stock's technical indicators show a potential for further gains, especially if the company can capitalize on the legal win to strengthen its market position. However, investors should remain cautious, as the stock’s volatility and negative earnings are key risks that could impact future performance.
NYSE:FUBOLong
by DEXWireNews
Post IPO Hangover Rebound For FUBO?I did a quick and dirty Fib retracement on FUBO using this year's low and didn't include the whole post IPO exuberance and ensuing hangover. Now even with this as the case, there are several important levels in the short term to watch. 382 Fib is likely one of them as it appears to be presenting a major pivot over the last few months as both support and resistance. With the market trying to recover, this is the first time in weeks that FUBO has established itself above this level and approaching the 286 level. With tech and streaming/esports/igaming picking up steam, it could be an interesting second half of the year. ' There are plenty of other outliers to keep track of right now especially considering the overall trend in tech. Despite being slightly down this week, overall, technology stocks have performed well this year. In fact, tech (based on the XLK ETF) is up over 17% since the beginning of 2021. Based on the growth outlook, some expect the sector to continue flourishing in light of a lower rate environment in the near term. Should that end up as the case, there could be plenty of tech penny stocks to watch heading into the second half of the year. " Quote Source & Read More: Top Tech Penny Stocks To Watch For August 2021
NYSE:FUBO
by PennyStocks101
FUBO: Still calling this the Bottom. Divergences galore. 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 and 16-month support trend lines, which suggests that small caps as a whole will bounce over the next few weeks. Fubo could reach $80 by October
NYSE:FUBOLong
by TomDaSpankEngine