Round 2 on $FUBO! 92% UpsideEarlier this year we caught the MASSIVE 400% move on NYSE:FUBO 🚀
1st PT is $4.89 🎯
2nd PT and MM of Falling Wedge is $5.86 📏
We've come full circle and we are back in them for another MASSIVE move!
Fubolong
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!
Daily Halftime Report: FUBO - Long PlayFUBO broke out to $4.99 this morning after announcing an agreement to combine their Online Live TV Businesses, creating a new venture with the merge that would position Disney with 70% Ownership | Fubo with the remaining 30%. This will prompt FuboTV to drop it's legal claims against Disney also. I'm looking for a potential entry at $3.69 after seeing it peak at $4.99, with a price target of $8.14 over time until the merger is completed, with confirmation of close above $3.81 on the stock.
MT-Newswire:
08:31 AM EST, 01/06/2025 (MT Newswires) -- Walt Disney (DIS) and streaming provider FuboTV (FUBO) are nearing an agreement to combine their online live TV businesses, Bloomberg reported Monday, citing sources familiar with the discussions.
Under the deal, Disney will merge its Hulu + Live TV business into Fubo, creating a new venture that would be 70% owned by Disney and 30% by Fubo, Bloomberg reported.
The transaction excludes Hulu's subscription video-on-demand business, which allows users to stream content on-demand for a fee, the report said
As part of the deal, Fubo is expected to drop its legal claims against Disney, Fox (FOX), and Warner Bros. Discovery (WBD) over Venu Sports, Bloomberg said.
Fubo, which had a market value of about $481 million as of Friday, will remain publicly traded after the deal, which could be announced as soon as this week, according to the report.
Representatives for Disney and Fubo didn't immediately respond to MT Newswires' requests for comment.
FuboTV shares soared by more than 60% in premarket trading, while Disney was little changed.
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/contract
FUBO: Heading to $5-6Fubo is in the midst of a powerful downtrend. It is already down more than 70% in the last few months, and my count leads me to believe that shares will lose another 50% of value before this sell-off concludes. If you hold a long position currently, you should strongly consider selling.
FUBOFubotv Inc (NYSE:FUBO) May have put in a short term bottom, could see potential a $1-$2 move from here.
FUBO LONG
$FUBO is one of these stocks that I always hoped I had as a huge soccer fan in the United States. I have been a subscriber for over a year now and I'm loving it. I was hoping for it to drop to the 22ish region when it was in the 30s so I can load up but didn't have enough cash to do so. I do now and I'll be loading up at these delicious price levels.
Another confirmation to taking the long position here is the downward sloping channel which is a bullish signal. Look at the divergence in the RSI too. I will be holding this long-term.
FUBO: Ready for New ATHElliot wave count for Fubo using a weekly chart. Expecting new ATHs before the year ends. Price just broke out of massive inverse H&S pattern. Expecting a steep rip to 50-60 between now and Nov 10 (post earnings). Should ultimately reach about 240 in the next 1-2 years.
$FUBO Long - Most beautiful setupRight at 100 day moving average and sitting at the volume shelf.. More than average volume today. Ready for the next leg up $FUBO bulls..
FUBO: Fun Times AheadLooks like we are finishing up the first wave within a larger degree third wave. Very fun times ahead. 70+ by November-December
FUBO: Double C&H, sitting on support. Looks poised to rip. A break above $35 will bring on $43 very quickly. A break below $26 and it's likely we could see $21. I'm bullish.
FUBO: Nice earnings report, should retest 28-29 then go to 40+Currently in a Wave 2 pullback. Should bottom in the 28-29 region. This is a 1-2, 1-2 setup, so the next move to 40+ should be strong and violent. Hard to imagine price won't break 40 by the end of August.
Money is flowing into FUBO ahead of earningsStrong, sharp, bullish MFI divergence. Institutions have been accumulating throughout this consolidation period. Upside targets are $35, $40.
Fubo: Should swing to 30+ before earningsThe setup is looking good for Fubo. The bottom held, as expected. Expect $ to start flowing into small caps from large caps. Will probably dip to 26-26.5 then rip tomorrow. 30+ before earnings and 40+ after.
FUBO - trend reversal incoming?-Cup & Handle (daily)
-Inverse Head & Shoulders (daily)
-Demand Zone (daily): 20.62 - 21.62)
Either play at the break of the wedge (handle) or wait until the demand area to enter long.
We are currently below the 50 and 200 SMA which
is a bearish trend. I would like it to get above those levels to enter for a possible target of around 30-35 level.
NYSE:FUBO
FUBO: Still calling this the Bottom. Divergences galore. On July 10th I called a bottom on Fubo when price struck $25.54. Since then, we have seen price dip as low as $24.60. However, I am still standing firm that Fubo has bottomed.
As you can see there are key divergences in MACD and RSI, indicating that a shift in trend is about to take place. Also, the Russell 2000 is presently sitting on the confluence of a 6-month and 16-month support trend lines, which suggests that small caps as a whole will bounce over the next few weeks.
Fubo could reach $80 by October
Fubo: Correction is over. $70-$90 nextIt appears that Fubo's second wave bottomed at about $25. There was a strong bounce, so I have reason to believe that may have been the bottom. However, we will need to see more follow through going into next week. A break of $35 will indicate that we are definitely in the heart of the 3rd wave. Price target for this third wave is $70-$90
Fubo: More evidence for a bottom at $28It looks like Fubo is backtesting the breakout of a 6-month downward trend line. If the backtest occurs next week, it will likely take place right around $28. This also lines up with my wave count on the 15-min chart.
FUBO: Short term weakness is almost overBad News: Fubo is approximately 12% off of its recent high.
Good News: I believe that the worst of this correction is over. I think that Fubo will set one more low around $30. Then I will be watching closely for a clean 5-wave move off of that low for confirmation that the bottom is in.
RSI has formed a bullish ascending triangle pattern, so I expect eventual break to the upside.
FUBO: Short term pullback ahead, but long term to 120Fubo just completed a textbook 5-wave impulsive pattern off the lows. Very bullish. Now Fubo is due for a Wave 2 pullback that will likely terminate in the $25-$29 region. However, given how bullish Fubo has been lately, it may only be a shallow correction to about 30. Longterm price target is $130
