FuboTV...A DraftKings Meets Roku Long Term Play

GameStop and AMC might be getting all the play, but there have been other stocks that have participated in the frenzy too. One stock caught up in the gun fire is FuboTV.

FuboTV Inc. operates a live TV streaming platform for live sports events, news, and entertainment content in Europe and the United States. Its platform allows customers to access content through streaming devices, as well as on SmartTVs, mobile phones, tablets, and computers.

fuboTV is determined to be competitive in this segment. Last month, it acquired another sports betting tech company, Balto Sports. In the press releases trumpeting both the Balto and Vigtory deals, fuboTV cited an estimate from Zion Market Research predicting that the online sports betting market is poised to be worth $155 billion by 2024.

And this is why I'm so excited about Fubo as the chart suggests to get long at the $40 level.

https://www.marketwatch.com/story/here-are-the-biggest-short-squeezes-in-the-stock-market-including-gamestop-and-amc-11611842270

https://www.highshortinterest.com/

https://www.fool.com/investing/2021/01/30/3-heavily-shorted-stocks-you-might-actually-want-t/

https://finance.yahoo.com/m/ce9d67c9-cd35-369b-96fb-c11e503378e6/fubotv-s-stock-soars-after.html

MY TRADING METHODOLOGY IN A NUTSHELL BELOW

I’m a supply and demand trader. The premise of supply and demand trading is when the market makes a sharp move up or down the large institutions i.e banks/hedge funds are not able to get their entire trade placed into the market, leaving pending orders to buy or sell at the zone with the expectation the market will return to the zone and the rest of their trading position will be filled.

I use multiple time frame (MTF) analysis to improve my discretionary trading decisions. MTF analysis involves analyzing the same asset on multiple time frames. The rule of thumb when using MFT is you want your charts to scale down/up by 4X – 6X. In my case I tend to look at:

Monthly Charts (curve time frame) – which represents that jet fighter flying over the football stadium.
Weekly Charts (trend time frame) – which represents the concession stands looking down at the field.
Daily Charts (entry time frame) – which represents being on the football field with the player.
4 Hr Charts (entry time frame) – which represents the center hiking the ball to the quarterback.