$FUBO forming symmetrical triangleLooks like it's trading within the symmetrical triangle. Waiting for it to go further close to the bottom trendline, which may provide more favorable risk/reward ratio for longs. The company's real strength is its unique combination of live sports streaming and sporting betting. Sports wagering market is estimated to grow from $1B today to roughly $18B in 2025 according to market research.
Market insights
$FUBO long$FUBO has a 75% short float meaning a major short squeeze can occur. A clean break over 50 and my price target is 52.50, 55.00, then 57.50. Fubo is also forming a cup and handle and is now sitting within a symmetrical triangle waiting to breakout. Also, a decline in volume confirming bullish consolidation.
$FUBO – Green Candle Confirmation$FUBO – Green Candle Confirmation
I see a lot of bulls for $FUBO, so I am charting my plan too. A nice big green candle in this sequence will signal a Bullish Breakaway Candle Pattern and confirm a breakout of the wedge and confirm retracement in sub wave 4(?). Would also be a bounce off key levels - EMA and volume profile.
Also positive technicals and oscillators and consolidating volume. I see why we are bullish... let go!
NYSE:FUBO
$FUBO | Still More Upside$FUBO has a ton of more upside considering both technicals and fundamentals. If you're interested in fundamental analysis, DM me or comment - I trade live and publish my long-term thesis. See my $ROKU post for my style of DD.
$FUBO is in a solid uptrend with high short interest by dumb money shorts. I won't be nice, the market isn't nice. The shorts in this name are quite short-sighted and will continue to feel pain as $FUBO volume increases and uptrend continues. Large money is entering this name (such as David Einhorn) and if you followed my live trades you'd know this was my first callout of 2021 with a price target of at least $50. I am now raising my price target...
Potential Buy The Dip $FUBO PT50I've been looking for a reason to get in on Fubo, and a low volume pull back sounds like a great entry. I'm likley going to start a position tomorrow and add if it decides to go lower. I want to start scaling out my exit as it previous highs are reached and bag holders unload. I'll buy any low volume pullbacks as this occurs.
Most of the high volume buying was done at 36 this month, but I expect 40 to become a new demand zone should it dip lower as this is the 0.382 fib.
My stop loss will be below the historical demand volume shelf of 36. If it gets below here, the market is in tatters.






















