FUBO trade ideas
look at this history here, plain and simple.you can see the similarities on the candles i circled, this has clearly found a top in my opinion. we should dump even harder here before the next leg up. id be looking to enter in around 15 with a tight stop. but be careful ! ive seen lots of pump and dumpers surrounding this ticker on other websites. good luck :)
Good entry point on FUBO; finding support on the 21EMAFUBO retraced about 42.35% from the previous swing high and is now finding support on the 21-ema. It touched the 21-ema yesterday and again today. It is now sitting on the .5 fib retracement and finding resistance on the 14-ema. Additionally, the stochastic RSI is starting to curl up, which is a sign of change in momentum.
This doesn't mean it couldn't go lower (I personally don't think it will) but this level is a good first entry point. I entered yesterday and today with an average buy price of $37.72. If it retraces further down I am looking to add to my position around the .618 fib level and the 50-ema.
***THE IDEAS SHARED HERE ARE MY OPINION. THIS IS NOT FINANCIAL ADVISE TO PLACE TRADES. PLEASE DO YOUR OWN RESEARCH AND ANALYSIS BEFORE BUYING/SELLING STOCKS.***
FUBO Long Daytrade 28-12-2020Elliot: Fubo is retracing and just had his first A leg of the major ABC down. Now it's time for a B leg with an ABC up before the leg occurs C-wave.
Ficonacci: The Long trade starts at the 50% of the Fib retrace what happen to be a minor support from a previous minor resistace in the uptrend.
Besides that it is gapping down and oversold in various of timeframes.
$FUBO Short term momentum hit extremely oversold on Thursday, with a very slight positive divergence. Watch out for a cross above the $45 horizontal line to go long targeting the Gap zone at $50. I respect what analysts say but the charts are my guide. I heard a lot of downgrades and short theories regarding $BLNK valuation around $22 levels and take a look at the stock now....same happened with Tesla and Amazon. If you are a chartist like me, this is a pretty simple chart to read. You should be able to just look at it and make a determination as to whether it's a trade or not, given the indicators available. The time will tell us if I was wrong or not. I have no problem admitting I made a wrong call.
$FUBO FuboTv Surges on Earnings and Social media PushfuboTV, Inc. is a digital entertainment company. The company is focused on offering consumers a live television (TV) streaming platform for sports, news and entertainment through fuboTV. fuboTV is a virtual multichannel video programming distributor (vMVPD) that streams in 4K. Its subscription-based services are offered to consumers who can sign-up for accounts at https://fubo.tv, through which it provides basic plans with the flexibility for consumers to purchase the add-ons and features suited for them. The company was founded by David Gandler, Alberto Horihuela Suarez, and Sung Ho Choi on February 20, 2009 and is headquartered in New York, NY.