FUBO started its rally from $0.96 in March 2023 and reached $3.87 in August 2023. Since August 2023, it has been declining with the Elliot WXY correction wave.
I think this correction will continue until the gap at $ 1.18 is filled. My guess is that this correction will continue until around $ 1.12-1.2. Unless it goes above $1.9, I am short FUBO.
This is a followup idea on my previous one where we "idezied" the bottoming process, which so far has been manifested. So far I see it as a huge (A)(B)(C) forming to the upside, hence the choppiness, which overall LIKELY will stay as 3 wave structure hitting a several year upside target of between 22 - 84 USD, too soon to projectile anything more proper target....
Small position in calls here, per last call transcript, fuboTV Inc. exceeded Q4 2023 earnings expectations with an EPS of -$0.17 against a forecast of -$0.25. The report highlighted significant year-over-year growth, including a 12% increase in paid subscribers and a 29% rise in total revenue. The company also reported a record $114 million in annual ad revenue, a...
As expected after the rejection of the 200 day MA , a nice head-and shoulder formed, which has almost played out really by book. Notice the descending wedge, where the bottom should provide support (gap down possible, so the HAS could reach its target). Waiting for confirmation to close above 9day EMA, and then expecting an upward trend to fill the gap. Could hit...
Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 2.2/61.80%
Chart time frame : D
A) 15 min(1W-3M)
B) 1 hr(3M-6M)
C) 4 hr(6M-1year)
D) 1 day(1-3years)
Stock progress : B
A) Keep rising over 61.80% resistance
B) 61.80% resistance
C) Hit the bottom
D) Hit the top
Stocks rise as they rise from support and fall from resistance....
NYSE:FUBO The stock is trading inside a triangle and is wedged between POC resistance and trendline resistance. If it can break out of the triangle it can see further upside.
Upside targets:
$5
$6
Downside risk:
$2.42
FUBO has seen some consolidation around the key 2.5 area, we'll see if the Russell 2000 will give us enough room to make it to the upside. Yields also coming back down and if that continues we should see FUBO higher...good luck traders!
NYSE:FUBO I like the FUBO setup going into earnings tomorrow.
It's starting to breakout of a symmetrical triangle and I like how MACD and RSI is curling up.
I am betting that it could breakout to $3.50 after ER.
Downside risk is $2.0.
Don't take my word for it though.
Price is forming a triangle and inverse HS and is trading just over a strong support zone. It's a good entry point bc risk and reward is great. Low risk for a big gain. My SL triggers if a weekly candle closes below the support, I do it this way bc is a very volatile stock.
Investing and entering positions at the right price is always a very tricky game. But when you look into risk vs rewards and the time to start seeing the rewards.. This is the opportunity of a life time.
I love the underdog game and the manipulation of institutions to shake investors. I saw it very well in the beginning of AMD from 3 USD to 15USD and PLUG from 1...
A good consolidation is needed to start a new cycle of growth. The longer the accumulation cycle lasts, the more serious the momentum will be. At the lower border of the consolidation channel, you can gain positions in the long term or for speculative purposes.
Good luck to all. If you liked it - subscribe.
If you haven`t bought FUBO here:
Then analyzing the options chain and the chart patterns of FUBO fuboTV prior to the earnings report this week,
I would consider purchasing the $2.50 strike price Calls with
an expiration date of 2023-11-17,
for a premium of approximately $0.81.
If these options prove to be profitable prior to the earnings release, I would sell at...
With upcoming earnings on August 4th, as shown on the @H chart, FUBO is moving.
The set of three EMAs (35/70/280) show an impending crossover the longest EMA
and a golden cross between the other two has already occurred. The MACD demonstrates
the bullish momentum. The dual time frame RSI has the low/green line crossing the 50
level from well below it and...
When it comes to digitally streaming sports one company stands apart from the rest. fuboTV Inc. (NYSE: FUBO) offers a wide range of content that is meticulously selected to target key demographics. It is due to this wide range of selective content that FUBO experienced a $82 million increase in revenue, which caused FUBO stock to run 150%. These gains may very...
fuboTV right now has gapped up and hit a 38.2% Fibonacci Retrace and is now Double Topping and Bearishly Diverging on both the MACD and RSI at this level. As things currently are, I would expect the gap to eventually be filled, but overall, fundamentally looking at their financials, I think the stock goes down to the 1.272 Fibonacci extension, which would take it...
