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.
- 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.