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!
Fubostock
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.
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.
FuboTV Stock Surges After Winning Preliminary InjunctionShares of fuboTV Inc. (NYSE: NYSE:FUBO ) skyrocketed by 35.5% in the morning session following a significant legal victory against the proposed Venu Sports joint venture, involving industry giants The Walt Disney Company, FOX Corp., and Warner Bros. Discovery. This joint venture was poised to dominate 60%-80% of live broadcast sports content, which Fubo argued would stifle competition and inflate consumer prices. The court’s decision to grant a preliminary injunction has not only buoyed FuboTV’s stock but also positioned the company as a champion of consumer rights in the streaming market.
The Legal Victory: A Turning Point for FuboTV
FuboTV's victory in the courtroom is being hailed as a win for both the company and consumers. David Gandler, co-founder and CEO of Fubo, emphasized that the ruling helps ensure a competitive marketplace with multiple sports streaming options, thereby protecting consumers from potential monopolistic practices by larger players in the industry.
The injunction has had an immediate and profound impact on FuboTV's stock, which saw a massive gap up in Monday's premarket trading. The stock opened at $1.74, significantly higher than its previous close of $1.53, and continued to rise, last trading at $1.95 with a massive volume of 24,588,413 shares. This surge reflects the market’s positive reception of the ruling and the potential for a more favorable competitive environment in the sports streaming space.
Technical Analysis: Navigating the Volatility
While the legal victory has provided a significant short-term boost, FuboTV's stock remains highly volatile, which is evident in its historical price movements. Over the past year, FuboTV (NYSE: NYSE:FUBO ) has experienced 70 instances where its stock moved by more than 5% in a single session. However, a 35.5% jump is extraordinary even by Fubo’s standards, signaling that the market views this news as a major turning point.
Key Technical Indicators:
- 50-Day Moving Average: $1.30
- 200-Day Moving Average: $1.49
- Current Price: $1.91 (as of the time of writing)
- P/E Ratio: -2.19 (indicating ongoing losses)
The stock’s current price of $1.91 represents a 46.8% drop from its 52-week high of $3.56, reached in December 2023. Despite the recent surge, FuboTV’s stock is down 39.8% year-to-date, reflecting the broader challenges the company faces in turning its operations profitable.
Market Sentiment: Mixed But Improving
Despite the positive news, FuboTV remains a speculative play. The company reported 1.45 million paid subscribers in North America in its most recent quarter, up 24% year-over-year. However, it also posted a net loss of $25.8 million, underscoring the challenges it faces in achieving profitability. The market’s reaction to the injunction suggests a belief that FuboTV could leverage this legal win to improve its competitive standing, but the road to sustained profitability remains uncertain.
Institutional Activity: A Vote of Confidence?
Institutional investors have been active in FuboTV’s stock, with some increasing their stakes recently. Notably, Susquehanna Fundamental Investments LLC and Jacobs Levy Equity Management Inc. bought new positions in FuboTV during the first quarter, indicating a level of confidence in the company’s future prospects.
Conclusion: A Potential Rebound Play with Risks
FuboTV’s legal victory is a significant milestone that has reinvigorated investor interest in the stock. However, the company’s ongoing financial challenges and highly volatile stock price suggest that this is still a high-risk, high-reward investment. The stock's technical indicators show a potential for further gains, especially if the company can capitalize on the legal win to strengthen its market position. However, investors should remain cautious, as the stock’s volatility and negative earnings are key risks that could impact future performance.
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: 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.
FuboTV $FOBO Potential Bull Flag Here in the chart, we see a potential Bull Flag forming on $FOBO. A break out of the flag formation would send it out of its downtrend and towards the targets listed above.
~Target 1 is $35
~Target 2 is $43
~Target 3 is $54
Post IPO Hangover Rebound For FUBO?I did a quick and dirty Fib retracement on FUBO using this year's low and didn't include the whole post IPO exuberance and ensuing hangover. Now even with this as the case, there are several important levels in the short term to watch. 382 Fib is likely one of them as it appears to be presenting a major pivot over the last few months as both support and resistance. With the market trying to recover, this is the first time in weeks that FUBO has established itself above this level and approaching the 286 level. With tech and streaming/esports/igaming picking up steam, it could be an interesting second half of the year.
' There are plenty of other outliers to keep track of right now especially considering the overall trend in tech. Despite being slightly down this week, overall, technology stocks have performed well this year. In fact, tech (based on the XLK ETF) is up over 17% since the beginning of 2021. Based on the growth outlook, some expect the sector to continue flourishing in light of a lower rate environment in the near term. Should that end up as the case, there could be plenty of tech penny stocks to watch heading into the second half of the year. "
Quote Source & Read More: Top Tech Penny Stocks To Watch For August 2021
just matter of timeneed to break that freaking resistance, after that, the way is all clear. wait till the breakout on daily chart
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.
