Earnings Season is in full-swing, let’s look at $FUBO – November 1, 2021

by DAN FUBO 
This is Scott with your Chart of the Day. I want to take a look at Fubo ( NYSE: FUBO ). Fubo ( NYSE: FUBO ) does have earnings coming up on November 9th. It’s coming out of a nice tight pattern on the daily chart and on the weekly chart, and those are some of my favorite setups.

We will start here on the daily chart. You can see this nice big volume thrust that we got today and a break above a short base of consolidation. But if I flip to the weekly chart, you can see the last couple of weeks we have really just kind of been hovering around these key moving averages here.

This is the 50-day moving average, the 8-day, and the 21-day. And if I draw a downward sloping trendline from the high back here in December we can actually connect some tops, boom, boom, and boom. Look at that, 1, 2, 3, 4 tops going across and a breakthrough coming on good daily volume.

Although this has earnings coming up I think that this is one that you should definitely keep an eye on for a potential short-term pullback entry to some moving averages. So keep an eye on Fubo ( NYSE: FUBO ), earnings coming up on November 9th, we’ll see how it goes.

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