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
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