FUBO fuboTV My Top Stock Picks for 2023FUBO fuboTV is at 52 week low, oversold (RSI at 23). Looking at the FUBO fuboTV options chain, I would buy the $2 strike price Calls with 2023-3-17 expiration date for about $0.36 premium. FUBO fuboTV is one of My Top Stock Picks for 2023!Longby TopgOptionsUpdated 3313
FUBO Coming back to life?If FUBO can get a weekly close this month above above its 1W 20D MA, $3.75, it could gap up by the end of the year to its 50D MA, currently sitting at $12.86. The market conditions appear to be turning a corner, and FUBO finally beat its EPS estimate in Q2 2022, losing less than expected this past quarter. The fundamentals of the business model are questionable, and many doubt that it could ever turn a profit, but with peak season of North American sports approaching as well as the 2022 World Cup, it appears that FUBO has finally turned a corner after bottoming at $2.32 on July 5th. Closing this week at $3.47 is a far cry from its highs of $62 in late December 2020. Yet FUBO increased its paid North American subscriber base last quarter by 41% to 947K, and expects 1.35 million paid subscribers by the end of the year. FUBO also expects year-end revenue to be between $910 - $930 million. In addition, FUBO has decided to axe its costly sportsbook ambitions. Its $3.47 close sits comfortably above the shorter term daily moving averages, which are below $2.85. A short period of consolidation could follow after this rapid upward move since July 26th, but if FUBO gets a weekly close above $3.75 - $4.00 it could be off to the races. Its 1W 100D MA currently sits at $19.33, which is converging on its first Fib retracement level of 0.236 (measured from All Time High to All Time Low). That retracement level sits at $16.41. I could see FUBO approaching that $16 resistance by the end of the year if 3 things happen: 1. North American sports and World Cup hype drive FuboTV subscriber growth in Q3, and their product provides users with high quality content and a smooth experience. Early reviews from Canadian viewers watching the English Premier League on FuboTV aren't great, so hopefully the streaming quality improves. They currently have nearly $400 million cash on hand. There is no reason they can't engineer a better product. 2. The Q3 earnings report in November/December needs to be impressive. Their losses need to continue to decrease. In Q3 2021 their reported EPS was -0.59, and in Q1 2022 their EPS ballooned to a dreadful -0.89. Per their latest report they now have that number down to -0.63, but they're still losing money YoY. EPS for Q3 2022 needs to be under -0.59. If it's significantly under that number--let's say -0.50, and their reported revenue improves from from $221 million closer to $250 million, it could be off to the races. 3. This is an obvious one but it has to be said. Macro conditions must continue to improve: no additional major global conflicts, Monkeypox and Covid stay relatively under control, minimal American midterm election chaos, and inflation decreases while the Fed eases up on aggressive interest rate hikes. Investors need reasons to be hopeful. Let's see what the rest of 2022 has in store for FUBO, one of the most heavily shorted stocks on the NYSE (30.02%) as of 7/15. Longby wazza_10Updated 779
FUBO about to explodeA lot of tailwinds into Q3 and Q4. Chart setting up for a cup and handle, into a giant descending wedge. I see ~10.50 in the next month. Longby CONative17333
8/17/22 FUBOfuboTV Inc. ( NYSE:FUBO ) Sector: Technology Services (Internet Software/Services) Market Capitalization: $993.186M Current Price: $5.36 Breakout price trigger: $6.00 Buy Zone (Top/Bottom Range): $5.50-$4.10 Price Target: $8.10-$8.60 Estimated Duration to Target: 30-34d Contract of Interest: $FUBO 9/16/22 6c Trade price as of publish date: $0.77/contractLongby lord_catnip447
FUBO WEEKLY HARMONICFUBO with a weekly crab harmonic PRZ around 3$ level first trade at $3.80 C leg a smidge higher than ideal but fits the bill of a Harmonic Crab barring that, Long @$3.80 T1 @ $15.03 T2 @ $22.74 SL (moved to entry following move up) @$3.80Longby DannyAus17710
fuBo Tv Bullish idea World cup season is coming, fubo tv is forming bullish flag pattern if market sentiment turns positive we could 4$ then 6$ for the world cup!Longby Rajan90Updated 115
Looking interesting FUBOYes i know last time i charted this, the stock got completely destroyed due to the market conditions and inflation. The stop loss saved me of course. Again, it is looking interesting to me here. Falling wedge with bullish rsi divergence. They also just got the Serie A rights and Premier League rights in Canada along with the betting. Could be a nice trade set up here. Use tight sl. DYOR. by AngD1899111
Is Buyout ComingIs a buyout coming $FuboTV(FUBO.US)$FUBO is at a turning point. It is either going to rocket from this point on or it will collapse. So the worst case is losing $3.45 but what are the opportunities. FUBO is up 7.75% today when DKNG and PENN barely made 2%. So what's going on?Longby TrendTraderX440
This is ready to ROCKETI know there are alot of BS news on this company but the chart is telling me something completely different. Follow my chart and you will see who is right. This company is a takeover target. If $DKNG don't buy them they are ________. Longby TrendTraderX111
$FUBO - Pancakes Are Great, FUBO is Good and Market is CrazyInsane, irrational market with lots of volatility right now. Let's get insane and volatile ourselves and buy some $FUBO. $FUBO could easily break out to $10-12 range *at some point* in 2022. Read through the 10-Q for Q122 - yikes lol...that being said, there were some positives as well. Revenue doubled YOY and this stock has been absolutely pummeled along with $ROKU, $NFLX and the entire market. If you look at the chart for the past year, it's almost trading identical to $ROKU, which I'm very bullish on long term (I do realize their companies are quite different, but they've been treated similarly in the downtrend of late 21/early 22). $FUBO - I'd look for this thing to at least double to $7, if not almost 4X to $12 by the end of the year for a small stint. And who knows, maybe it could touch $20's/$30's by next year - I'm willing to wait and see. GLTA - CLongby Midnight_Trades115
fubo potential resistancefubo potential resistance on chart there are more room for soaring the week in markets will close in positive levels after 6 weeks in row negative disclaimer Longby Hephaestus_Trading_Desk0
Recently < $4 - will FIFA World Cup be a price rally tailwind?Even though I wonder if World Cup (football) - American soccer - will help this stock rally, this trade idea is purely technical with low risk. You can see an expanded weekly chart to see how few times price has dipped below $4.00. Notice how long RSI and stochastic have lingered in oversold territory, and on a weekly chart this is unusual. Based on my options study, and wanting to hold through earnings and World Cup, I bought 19Aug 10 strike calls for $0.31. You can buy stock, or take Jun or Aug calls at a lower strike also and still use little capital. To start, I want to see a move over 7 and over 20sma. I have a very small position to hold for a high reward low risk trade so I am not setting a stop loss on this position.Longby OptionsRisingUpdated 882
Ready to run to $12?Bullish signs Divergence on MACD Descending wedge For this to happen, I would want to see a breakout above the 20EMALongby ricemarineUpdated 442
Getting ready to run up to $12?Signs: Bullish divergence on MACD Descending wedge contracting It's seems to be following below the 20EMA, so for this to work I think it needs to break out above it.Longby ricemarine0
Trade Update: Low Risk High Reward Opportunity Yellow lines show bullish divergence between RSI and price Yellow oval shows stochastic %K buy alert As stochastic %D rounds up, price can move to 8.40-8.80 as a first target Exit position on a break of 11April low - ultra low risk I suggest buying stock and holding through earnings. If you buy calls then go a few months out.Longby OptionsRisingUpdated 115
FUBO load $FUBO- Loading up near this strong support areas, at the base of a multi month falling wedgeLongby BullishBear08113
Watch FUBO - something is going on hereThis post follows the trade idea posted on 30 March. Price is now coming down to a very low risk zone for a long swing position. First, I could be all wrong here and maybe FUBO will not make a substantial move up. That said, price is less than $1 from recent lows so consider the risk to reward. Buy the stock or give yourself time in calls. The daily chart shows a broken downtrend line and a bullish stochastic %K signal. RSI however is still under 50 and it looks like a retest of lows is underway. Now, for the best part - look at that selling on the 30min chart. Learn to recognize algo-controlled price action. Notice the long series of mostly uniform candles, all red. These candles do not show a natural dynamic between buyers and sellers. Someone is playing games with this stock, in my opinion, and I am willing to take a long position for a sizeable price increase (if it happens). The yellow rectangles show what happened the last time RSI moved out of the oversold zone, and I am looking for signs of a similar move this time. The green lines show three price good places to buy stock or calls. If you want a stronger signal to go long, wait for higher close, a reversal candle, or a close over 20ma on the daily chart.Longby OptionsRisingUpdated 229
i like this setup! definitely on the watchlist FUBO in consolidation faze/stuck between trend support and resistance. looking to go long above 8.16, short below 6.23Longby Vibranium_Capital4421
Getting ready to flyafter ER, will have big short sqz. highly shorted and crossing 20day MA soon, then 50 and then 100 Longby LetsBeMillionaire112
The beginning of a move? Long stock/call update on FUBOPrice today is trying to break a 30 min downtrend line, not yet confirmed as of this post. Buying volume is up, but not very high. This move follows nicely after the unusual sell off I noted. Stochastic %D is just moving up over 80, which will lead to more buying. If stock does not break over resistance now it will pullback (maybe consolidate) before making another leg up higher. That should break and hold the yellow line if more upside on the daily chart is to come.Longby OptionsRising2
Cheap call options - Swing and Squeeze UpI am seeing about 27% short interest in FUBO, but I do not trade on this. My technical reasons are sound, and short interest may drive stock higher if it moves up. There is a large sell block today, 22k, at $8.03, which may clear this week for stock to move higher. Call options are very cheap so I suggest taking 14Apr and later expiry. This stock has not gotten attention yet (unlike other meme stocks) but I think it will. Buying here below 8 gives you a very low risk swing trade with a tremendous reward potential. Weekly chart > RSI and stochastic both are exiting from oversold levels and may see buyers in the next few weeks > Ovals highlight previous move up which could repeat, technically speaking > During price rise marked by oval RSI held over 40, so this this time with it coming from below 30 there may be more buying power > Set 8.40 alert - over this could see a sustained move higher Daily chart > Bullish divergence complete (green lines), followed by strong move over the downtrend line > Stochastic %K gave a warning for more upside price action (rectangle), and %D still has to move higher > Looking for RSI to move over 50 and stay, to support more upside > Green arrow marks a bullish 3 candle move that helped 10ema move over 20sma On 30min chart, 20sma is above the 200ma and the cloud. You can draw a support line from the highs on 18 & 23 March.Longby OptionsRisingUpdated 114
Fubo LONGThis market crash has hurt many good companies, but it will soon be over! And back to $15 and then going all the way LONG to $30+ Longby Susan19793