The last earning release on march 02nd looks like an extreme reaction at this level.
Comment:
FUBO TV ACQUIRES EXCLUSIVE STREAMING RIGHTS FOR SOUTH AMERICAN QATAR WORLD CUP 2022 QUALIFYING MATCHES. PRICE GAP UP WITH THE NEWS. THE TARGET PRICE IS AT LEAST TO THE LEVEL WHEN DID LAST EARNINGS RELEASE WAS DONE.
Comment:
Last earnings report, the rights acquired, The UEFA issue resolved, The "Juego bonito" stronger than ever. This stock is heavily shorted (According to FINVIZ.com, fuboTV is the third-most-shorted stock among those with market capitalizations above $2 billion on major exchanges. Feb 1, 2021). Strong low pivot confirmed. Strong uptrend potential.
Trade active:
FUBO strong close price. New target 35
Trade closed: target reached:
FUBO target reached, position closed. GOL! profits 14.75 per share