FUBO trade ideas
Possible bull flag It was rejected after hours around $30.50. If we can not hold the $27 support, look to enter around $25.
FUBO: Limited upside left for short term, but long term 100+Elliot Wave Analysis of Fubo. Looks like we are finishing up a larger degree Wave 1 off of the May lows. Should top out around the 40-42 region and be succeeded by a Wave 2 that will draw Fubo back to the low 30s. However, then we will enter a larger degree wave 3 that should take Fubo to $100+
Current trend matches original squeezeVery promising in my opinion. This is my first idea, so I’d appreciate any additional thoughts and constructive feedback.
FUBO TV $FUBOFubo TV a beloved MEME firing on all cylinders with huge subscriber growth, ad revenue on the up and first space in winning sports content rights. Bullish
possible reversalPlease note:
- I'm just sharing my view. its not a recommendation for buying or selling.
Wyckoff daily accumulation on $FUBO PT: $64.14Wyckoff accumulation breakout to phase E. Likely to come back to test e breakout support level. Current price is 28.00.
FUBO BUY/LONG NOW READY 30.00-69.90 by End of 2021TICKER CODE: FUBO
Company Name: FUBOTV INC
Industry: US Stocks Consumer Services Movies/Entertainment
Position Proposed: BUY
FOMO BUY ENTRY: NOW READY (30.30-32.50)
NEXT BUY ENTRY: (26.00-28.00)
1st Partial Take Profit: 69.90 (End 2021)
2nd Partial Take Profit: 102.00 (Mid 2022)
Stop Loss: 13.50
Technical Analysis
1. LARGE INVERTED HEAD & SHOULDERS PATTERN (PARTIALLY COMPLETE)
2. Area of Confluence on EMA & structure level
3. Fibonacci Retracement at 0.786
4. 1st Safe Take Profit is at Flagpole Price Range
5. 2nd Take Profit will be at 80% of LARGE INVERTED HEAD & SHOULDERS PATTERN Price Range
4 Bar play on FUBONYSE:FUBO
entry at the break of if your a gangster enter now.
stop below the low of the previous candle.
FUBOFubo broke resistance a while back. It's been on a run recently and I think it's time for a slight pullback. Elliot wave theory on this play. Down to $23 then rips to the $30 section.
