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!
Fubooutlook
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!
Is FUBO setting up for a MASSIVE MOVE UP? 65% UpsideCharturday #1: NYSE:FUBO 📺
Weekly Chart:
-H5 Indicator is GREEN
-Wr% trending up from bottoms
-Sitting on Volume Shelf
-Triangle Pattern x2 - Need to breakout...again
Daily Chart:
-Triple Bottom with a liquidity grab below 3rd bottom
-At volume shelf
-At bottom of Wr% and swinging higher
-Need to swing back up to $1.90 breakout area
Targets if we breakout of any of the patterns:
🎯$2.17🎯$2.36🎯$2.52🎯$2.82
I'm in this trade and holding on due to the H5 indicator staying GREEN on the weekly. If you aren't in this trade it's not one worth entering until we have a breakout.
Not financial advice.
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.
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: 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: 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
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+
FUBOFubotv Inc (NYSE:FUBO) The daily chart is looking good for this stock and we could be looking at the start of a sustained price recovery. The price may start forming the second ascending impulse to break the descending channel. I think we could see more gains from this stock over the next few trading sessions.
FUBOA move on Fubotv Inc (NYSE:FUBO) above $26.2 could spark a nice short-squeeze next week. Looking at the technical daily chart there are several indications I see which suggest a potential bottom formation, including large positive divergences on MACD in daily. If the potential buy signal confirms itself, we will be looking for a move to the resistance area at $33.3-34.72, at the very least. Until that happens, traders will want to be on high-alert to the possibility of a bullish reversal. Long setup on watch.
