Bar reply of FUBO on 5m chart shows turning pointEach stock has a character/personality constituted by collected forces of how its participant's trading behaviors.
FUBO, as a recently trendy stock, has a personality of having a lot of short-term trading. For those people, they are trading based on a smaller time scale, such as 1m or 5m. This trend is unseeable or at least not apparent at a higher level if you are used to looking at 1h or 1d charts.
This bar reply uses the "Estimated MA" indicator and the "Turbulence with direction" indicator at the 5m level to show the uptrend turning point was, in fact, on Dec 23. And currently, until Jan 8, there is no bullish signal to enter this underlying.
I hope individual investors/traders can avoid losing money on this stock.
FUBO trade ideas
FUBO setting up againStopped out yesterday on the deep pull back and nervousness re the election. It is setting up again now for a break of 30.
Additional Info:
I am an intraday scalper and short term swing trader of stocks & Futures using options and equity.
I focus on high volume momentum stocks in strong uptrends.
My time frame is between 5minutes to 5 days on most trades.
I scale into positions and scale out of positions as my targets are hit.
I always trail my stops after T1 is hit to reduce risk and lock in gains.
If my post is on a Weekly/Daily/240M chart the idea is a swing trade.
If my post is on a 60M chart or lower the idea is a day trade.
Day trades can turn into swing trades if the stock is strong.
All trades should be supported by market direction.
Treat my posts as trade ideas and not signals.
Traders must trade using their own back tested trade plan and rules.
Traders must plan risk first and profits second.
Happy Trading!ped on the pull back yesterday, but it its setting up again. A break of 30 looks promising.
$FUBO Potential Bounce Play, High-Risk & Low-Risk Opp.FUBO rose nearly 330% from Nov. 17 - Dec. 23. It was highly anticipated that FUBO would have a major pullback, however it has given up the entire move from Dec. 15 - Dec 23 -- I think this move is an exaggeration.
Bearish catalysts in play: 1) Recent share unlock occurring on Dec. 30th, 2) the Kerrisdale Capital short report.
I think there is an opportunity to play the oversold bounce (high-risk) and begin positioning a long-term investment (low-risk) here.
I will be playing weeklies on Jan. 4th and take a starter position for a mid-term swing / long-term investment. If a clear reversal is in play I will update the idea with further entries. Looking to reclaim the 8EMA on various timeframes.
Weekly positions: 30c 1/8
Pull Back Fishing (when time is right)..Just does not look good to meright now..what do you think?
May be a Barr top pattern also known as a Bump and Run (the run is down) which consists of a "lead in" uptrend that is a normal or healthy uptrend, then a parabolic move up after the lead in phase is over. If in fact it is a BARR top, a dreadful pull back can ensue. Or it may just have arc-ed..either way..be safe
The tall upper wick on weekly and monthly is alarming to me..this is a weekly chart.
I only noticed this today because large players were buying this today as noted on Chartmill. I looked at it and do not understand why?? Looks like it will pull back a bit more to me
Perhaps a case of too much too fast, but does appear this one may do some more pulling back
The Bump phase would need to be at least twice the height of the "lead in" phase to be a bump and run top.. also called a BARR top
Just an observation..I have the feeling this one may eventually be interesting once it finishes getting "bumped" (o:
Fubo Long and QuestionsFubo has been an interesting look, I have been looking at it all day and it seems that 23 is rock bottom. It has had stable growth all throughout the day and looks like it could reach the first target of 32 and then 38. What do you guys think? I am aware that the lockup expired the 31st or around there but I have read news about a second lockup expiry on the 7th is that true?
FUBO on watchHad to add this to my watch after noticing so many traders following it and looking for an entry. I am targeting this green zone for a reversal. Although the sell off has been quite harsh its really not surprising given the parabolic move. after the break from the longer term base. Price often falls back to the break out point due to the vacuum created when shorts are finished covering and longs stop buying once they realize they can get a better price. Patient traders know the best entry is back at the break point if they missed the initial run up. I'm hoping for one last flush into 20.50, however I would not be surprised to see some front running with early entries and a gap tomorrow. Let's see what happens.