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Fubotv

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
FUBO uptrending in tandem with Euro Cup?Euro Cup is steaming ahead despite the pandemic, so is FUBO's price. Last Friday (25 June) attracted a spike in volume, almost twice the average volume. The price was attempting to break out of $35. In the hourly chart, the price was holding above $34 nicely. If above to keep up the momentum and stay above $35, the next target is likely $43 then $52. The nearest support would be $27 or $24. Will FUBO price able to keep up until Euro Cup Final on 11 July?
NYSE:FUBOLong
by IcySilver
$FUBO Descending channel and Broadening right angled formationAfter reaching all time highs as a result of "short squeeze" during late 2020 $FUBO crashed to $23 forming a support line. The price of the stock increased to $58 per stock with good news on acquiring streaming rights of European Football games. People started dumping their stocks (including me) making a huge profit and got out of game. I would say overall Fubo is bearish and is trading between 2 red lines (descending channel) making lower highs and lower lows. During march the price fell below $23, breaking the previous support line and making new lows. What caught my attention is that the stock broke out of the descending channel by forming a broadening right angled pattern. The stock made 2 minor highs and 2 minor lows which confirms the formation of the pattern. Our previous support line turned into horizontal top resistance line and down slopping trend line once again confirms the broadening right angled formation. The stock made partial rise towards the top trend line but failed to touch it during last few days. I expect short term bearish continuation. I would expect 10-15% decline in price in upcoming 2 weeks. I would suggest to wait for the final confirmation of volume as in these types of formations prices can break out in either direction. This stock is on my watchlist and I made a good profit In January. I will give you an update next week if I see any signs of a breakout. Good luck and trade smart! (not a financial advice) Please like and share if you like my idea.
NYSE:FUBOShort
by faridisayev