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FUBOTV INCFUBOTV INCFUBOTV INC

FUBOTV INC

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FUBO trade ideas

FUBO - Don't chase, patience...Similar to the SNDL chart I posted yesterday, FUBO is cooling off and returning back to a more reasonable buying zone. Despite Twitter being bullish at current price levels, I believe a more ideal risk/reward long trade is a bit further down. Technical reasons for the trade: → Price has exploded on high volume . This means more eyes are on this stock, with people who missed the first move wanting in on the action → Very little volume traded overhead. When this breaks the old highs, it will fly. Extra rocket fuel with the current short float of 39% (!!!) according to finviz → Price retracing back into the RLZ. Ideal buy entry at the 0.618 fib level Good luck! Hit the LIKE button if you find my analysis valuable and want to support my channel. Follow to make sure you don't miss any future trade ideas.
NYSE:FUBOLong
by AndyTheKing
$FUBO BULLISH ENGULFING PATTERN ON THE DAILYFUBO recently retraced to the 38% fib level. I'd like the price to close above the 50ma on the hourly with significant volume to confirm, but I have been in FUBO a while. Possible cup and handle forming on the hourly Revenue rose 71% in the third quarter, and growth accelerated to between 77% and 84% in the fourth quarter, based on preliminary results it announced earlier this month. Lots of recent institutional buys A lot of short interest so room to squeeze Roku ($468 at writing) generates less than 1/3 as much per user in ad revenue fuboTV's ad revenue is more than either Disney or Apple are ringing up in subscription revenue per user Fubo has also acquired small sports betting companies including fantasy sports and a betting book by EOY Caveats "Rich Greenfield at LightShed Partners lowered his price target on the stock from $8 to $6.50, arguing that the platform operator will need to raise at least $1 billion in equity this year to bankroll its sports betting strategy." (motleyfool.com) This is why Fubo is shorted so heavily
NYSE:FUBOLong
by runNgun
2