FUBO trade ideas
$FUBO FUBOTV Bullish Divergence
It has been a panful decline and may not be over but there has been some rest bit in recent days.
The stock is trying to form a bottom having today closed above the POC.
Volume is steadily gaining bullish dominance.
Bullish divergence on the indicators has aided.
2 key alerts set for Tuesday
- A break above the 21EMA
- A break above the 200ma
If this can be achieved on good volume there is room to run to $24.60 & $26.00 before major resistances.
$FUBO Trade Idea (Technical Analysis and Breakdown)(Video breakdown) $FUBO has earnings on 5/11 and as its dropped to these low levels I am expecting shorts to start covering and we could see a potential bounce up to resistance in the 28.00-27.50 range.
$FUBO - Bullish Divergence Pattern OpportunityRecently stock price crossed above the trendline resistance, giving a positive implementation opportunity for a bullish divergence movement.
The next challenge above is 23.31$ (Close price).
The main support area is 18$-17.4$
Not recommended to buy or sell FUBO stocks.
called this short out at highs when everyone was long! :Dcould see some upside in short term if top trendline breaks, but this stock price action screams pump and dump scam to me. also the big chatroom that keeps pushing this stock calls out mainly losing plays! i feel sorry for longs here, ill never add this to my portfolio. goodluck and be careful! dont forget to like and follow if you enjoy my ideas <3
FUBO scored once, can it do it again?All the higher time frames remain pretty bearish. However, a falling descending wedge can point towards a good reversal. Earnings on 5/11 might be a good catalyst.
I should hedge my bearish positions with some puts incase FUBO falls towards $15.
I might just take the L depending on how things go.
If it bounces to $22, I'll breakeven, as the 20SMA on the daily is resistance. 50SMA on 4hr.
2HR and lower look bullish if the momentum can keep going.
Possible change in trendIt is currently rebounding above the 0.61 retracement of the entire upward movement, which coincides with the floor of the medium-term bearish channel. The daily RSI is oversold. Several parameters that could indicate a downward price depletion and a possible trend reversal in search of the center of the downward channel in the first instance.
FUBO breakout is imminentLooking for FUBO to breakout of this wedge to the upside tomorrow and possibly make a big move and retest resistance around 22.92.
FUBOMID-TERM: Close to a bullish crab, bounced at the 2.618, which was also an iceline. Classic bullish divergence already confirmed on daily, but developing on 4hr. (not financial advice)
Fubo could have a positive reaction to 55 day moving averageI've been hoping that Fubo remains above the 99 days moving average and doesn't get bearish cause I saw Fubo for the first look a bat but today I see a crab!
crab harmonic pattern:
CD=1.6 XA=$6.7
or
CD=2.6 BC=$5
or
CD=3.6 BC=$2
$FUBO - good buying opportunityFUBO baby is consolidating around the 200SMA for a while. Strong support around the $21 and also look at the VOLUME on 4/9!!!
FUBO - At rock bottom Based on long term support, FUBO is due to rally 60% to its target resistance.
FUBO | Lots of bag holders will provide resistanceHey all
The idea is that FUBO has created a deep range of bag holders around the 27 - 28$ mark, which will probably provide for strong resistance in the days to come.
I would like to see the name retest a double bottom around 20$ before taking a long position.
Any thoughts?
Good luck to all!
(*This is not financial advice, for sake of discussion and illustrative purposes only*)
FUBOFUBO - NEUTRAL
- FUBO currently at a major decisive point.
Scenarios:
Long:
- Bounced off of .786 Fib
- Giant Volume Candle on the daily
- Possible ignition of trend reversal (to the upside)
- Look to enter long if a 30m candle closes above $25, target Point of Control at 28. Might move higher to .618 fib at 29.50
- Bottoming out action present chart
- Bottoming out at over-sold area of RSI
Short:
- Bounced off of upper channel of down-trend
- Look to enter short if a 30m candle closes below 20.42
- Lots of room to go down further if 20.42 support breaches, profit target at 14
Overall: More bullish signals than bearish.
FUBO flaggingFlagging after a gap up. I like the closing volume so going to watch this one for another breakout.
double bottom then the ripFUBO looks like its about to reverse here, nice move today, will be on watchlist
$FUBO RECAP AND BREAKDOWN! SQUEEZE?Quick recap on last weeks trade and where we are at on the daily.$FUBO
