My Trade Plan:

  • Stop under $19.80 – just under the recent low made last week
  • Target near $25, which is around the recent support level before the breakdown to $20.

My Trade:

  • FUBO Dec 10 2021 $20 call near $1.80

fuboTV Inc. (FUBO) - Bullseye Pick of the Week

This Bullseye traded higher a day after the Bullseye alert. The fact that the stock traded higher but time decay and less than optimal movement showed a small loss for this trade.

Original Alert went out on November 29, 2021.

FUBO is making a bounce off of the $20 level as buyers attempt to rally against the 13/30 hourly moving average.  As a buyer, I would look to use the recent pivot level and these two moving averages as potential stops on the trade as I look for a move to the upside.