Possible bull flag It was rejected after hours around $30.50. If we can not hold the $27 support, look to enter around $25.
FUBO trade ideas
FUBO: Limited upside left for short term, but long term 100+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+
Current trend matches original squeezeVery promising in my opinion. This is my first idea, so I’d appreciate any additional thoughts and constructive feedback.
FUBO TV $FUBOFubo TV a beloved MEME firing on all cylinders with huge subscriber growth, ad revenue on the up and first space in winning sports content rights. Bullish
possible reversalPlease note:
- I'm just sharing my view. its not a recommendation for buying or selling.
Wyckoff daily accumulation on $FUBO PT: $64.14Wyckoff accumulation breakout to phase E. Likely to come back to test e breakout support level. Current price is 28.00.
FUBO BUY/LONG NOW READY 30.00-69.90 by End of 2021TICKER CODE: FUBO
Company Name: FUBOTV INC
Industry: US Stocks Consumer Services Movies/Entertainment
Position Proposed: BUY
FOMO BUY ENTRY: NOW READY (30.30-32.50)
NEXT BUY ENTRY: (26.00-28.00)
1st Partial Take Profit: 69.90 (End 2021)
2nd Partial Take Profit: 102.00 (Mid 2022)
Stop Loss: 13.50
Technical Analysis
1. LARGE INVERTED HEAD & SHOULDERS PATTERN (PARTIALLY COMPLETE)
2. Area of Confluence on EMA & structure level
3. Fibonacci Retracement at 0.786
4. 1st Safe Take Profit is at Flagpole Price Range
5. 2nd Take Profit will be at 80% of LARGE INVERTED HEAD & SHOULDERS PATTERN Price Range
4 Bar play on FUBONYSE:FUBO
entry at the break of if your a gangster enter now.
stop below the low of the previous candle.
FUBOFubo broke resistance a while back. It's been on a run recently and I think it's time for a slight pullback. Elliot wave theory on this play. Down to $23 then rips to the $30 section.
FUBO : COIL / POSITION TRADEFubo Stock Forecast: Up, But What To Consider In 2021
Fubo is a sports-focused alternative to cable TV. Shares have risen sharply since their IPO.
The company is developing a sportsbook that integrates with their TV platform. I think this is a brilliant strategy.
Their convertible debt is a better deal than the stock, but the shares could be worth a flier.
Some back-of-the-envelope calculations on how much Fubo stock could be worth. There's tremendous upside if they pull off integrating a sportsbook into their TV service.
Fubo is a fun play that has the potential to 20x in value if they execute properly over the next few years due to their explosive subscriber growth and potential monetization of sports betting.
SOURCE : Logan Kane, Fubo Stock Forecast: Up, But What To Consider In 2021, Feb. 04, 2021 8:45 AM ET, SeekingAlpha
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