What is up, everybody welcome to trades trades, where we have technical analysis on different stocks in the stock market, as well as potential buy, hold or sell opinions on these. Given stocks. I'd like to preface by saying that i am not a financial advisor nor expert, i am just some random doing youtube, so take what i say with a grain of salt. The reason i started this channel is because a couple years back, i was about 30 thousand dollars deep and some pretty bad medical debt, and i was very fortunate to have some close family friends and mentors that pushed me to work really hard and invest my money In the market, so if i can pass along any of the information resources or tools that they gave to me and change their lives even a little bit for the better, that's all a guy can ask for.

Lastly, if you wouldn't mind dropping a like on the video, it really does help support the channel and consider subscribing if you'd like to see more content like this, as i do post videos every day, multiple times a day with that being said today, we're going to Be looking at ticker symbol, fubo fubo tv incorporated - this has been suggested to me by a couple of different subscribers, so i am going to post this as an additional video today, uh, just as there may be people out there who are interested in getting into this Stock, who may have a position in the stock and we're going to cover a couple of different things, we're going to talk about the volume trends the volume weighted moving average we're going to be talking about the macd, the rsi and we're going to establish these levels Of resistance and support and talk about the macroscopic and microscopic views on the stock for both mid to long-term investors and day or swing traders so buckle in we've got a lot to talk about. Let's start off by looking at the six-month chart here we do have pulled up uh and we're going to talk about the current levels of support and resistance. So we are trading currently under the volume weighted moving average, and this is a little bit different than the volume moving average. I will pull up the difference just so you can see it on the screen.

The volume moving average does not factor in unusual trading volume, and i find that the volume weighted moving average is a better indicator of the overall trend of a stock um. You know we would actually still be. We would just barely be in bearish territory if we use this uh if we just use the regular volume moving average and we are down over a hundred percent from this high of 62 dollars. So i just find that the volume weighted moving average is a better indicator uh, so we're going to use that we are in bearish territory.

We have seen four days underneath the volume weighted moving average uh, which is a great indicator that the bears are in control, and i do continue to see this trend continue until we retest support here at 2608. We do have this as a previous level of support. Right here uh previously, we would have this level of resistance, this prior level resistance as support, but, as you can see, it did not hold up. So we are kind of filling this.

This price range right here at the time being, and i can see this playing out a couple different ways, so we might test this 2608 support level out. You might see it bounce to retest this resistance bounce back down, and then we might see a breakout through 3283 to start working back up towards these all-time highs of 62 dollars, or it could go another way. We can retest this level of support, uh it bounces back up or doesn't bounce back up, that's also possible, but we're just going to assume that it'll bounce back up. We may see a re-test on this resistance level and then, after that, we may see a overall downward trend in selling pressure, bringing the stock back down to newer lows and retesting.

This next price range right here. So if that does happen, um we are looking at a next level of support at 20 dollars and 44 cents. This was a previous level of resistance. You can see.

We had a candlestick that tested this price range. It was rejected and then once we pushed through it, we came back up and tested newer highs, so first you're going to want to watch for 2632 as a level of support watch to see. If we have some consolidation between these two price ranges of 3233 and 2632, that would be very healthy for the stock, especially considering the parabolic growth that we have seen come out of out of this company in the previous few weeks. So with that being said, uh we do have another level of resistance right here at 30, 38.44 cents uh as i was 3804, and that is because we have a couple of different candlesticks here that test this level.

So you can see the wicks wicks are very indicative. Here we can see pretty weak sellers, and here we can see pretty strong buyers, and the wicks touching here indicate that this is a level of resistance where there's uncertainty, and that is going to act as a level of resistance in the future. Now i also have pulled up the macd and the macd is the moving average convergence divergence and essentially what this is. Is you calculate this out by subtracting the 26 period ema or the exponential moving average from the 12 period, ema and anytime? This red line is below the green line.

That is an indicator that we are in bearish territory and any time the red line is above the green line. That is an indicator that we are in bullish territory and you can see that we are pretty strongly in bearish territory here. It does look like we're going to continue until we re-test this 2632 range right here. Um.

So do keep that in mind. Watch for that. I i do think the best case scenario here is: we do see a bounce in some consolidation back and forth between these price ranges for a while, however, i'm not a wizard, i can't predict the future if i could we'd all be millionaires, we'd be shorting and Lying the crap out of every stock in the market and making money any way we could, but that is where i see this going right now. This stock is starting to look like it's approaching oversold territory.

This rsi indicator of 30 indicates that the stock is oversold. Anything over 70 is overbought, so you can see we were in overbought territory for quite a long time i mean we were at 92 and anything over 70 is overbought, so this is extremely overbought this this uh, this stock shot up solely from hype and fomo. In my personal opinion, i do think streaming services, which is what football tv is as a streaming service, are going to be a huge sector in the market in the next year, two three years to come. However, this much growth that fast you're always going to see a price correction, that is the trend of the market.

Whenever you see you know multiples of hundreds of percents growth, i mean we were at nine dollars back in september and we got all the way up to 62 dollars. So that's that's a large multiple of what you what you came into with the investment. If you bought in at nine dollars, even if you bought in at 15, you 400 of your money, i mean that's as good as it gets, so we are approaching oversold territory. So if you do see that i do see that as a good point in which to enter into the stock.

However, if you look, if you want to look at just the support and resistance levels, i would watch to see if we have some consolidation between these price ranges. If we do have consolidation between 26 32 and 32 33, i do think buying in as close to this support level, as you can is a great entry point. However, if we do bounce down through this level of support and re-test 2044, i do think that this is a obviously better entry point to the stock. As i do think, we will approach 60 again in the future.

It is just going to take some time to reestablish and rebuild the next couple legs up, so do be watching for that. Next, i'm gon na work through the daily charts. Here we have the one day one minute charts pulled up. We have a level of support here at 27, 40, 27, 36, and we are hanging pretty well above that does seem a pretty strong level of support and we have a couple levels of resistance to watch for so we've got one here.

We have a previous level of support that is going to be an acting level of resistance right here, and you can see that in the past this is acted as both support and resistance. We have support here: resistance, resistance, resistance, a false breakout comes back down and it looks as though we may be approaching that on monday, however, it will depend highly on the price action, as we do see, an overall bearish trend on the stock so do keep that In mind, so if you are looking to date or swing trade this stock, i would look for a potential entry point around this 27 36. If you're looking to long look to see if it bounces off this level, if it does bounce - and we come back up to this 28 and some change, that would be a good point in which to exit your trade or, if we do break through it, 28.95. Would be the next level we're looking for and if we do break through that we are looking right around here.

We've got a couple. Different touch points, one two, three at 29.95. You could just call this 30 dollars, we'll move it up a little bit. Thirty dollars.

Um that, if best case scenario, if we approach thirty dollars, you're making a pretty solid margin of return on a day or swing trade in that situation. So that is how i would long it if we approach uh 27 36 and we drop below it, which is, i think, the more likely situation here. You are going to be looking to short this stock and, from the macroscopic point of view, we are looking at 2632 as the next acting level of support. So i would watch for that as a potential exit point from your date or swing trade shorting opportunity.

If you're looking to long the stock, as i said, we can go that route, you can also short sell this. If we approach 30 in this rejection or if we approach 28.95 on this rejection, you can write it back down to this level of support this level of support, or even if it drops below 27.36, you obviously get the picture. That is the overall trend on fubotv. Now, lastly, i'm just going to pull up what football tv is, and you can just uh click out of the video.

If this doesn't interest you, but i had a couple subscribers that said they they do enjoy. When i give a basic overview of the company and what they do so i do have pulled up marketwatch and football up here. So football tv is a digital entertainment company. The company is focused on offering consumers a live television streaming platform for sports news and entertainment through football tv football tv is a virtual multi-channel video programming, distributor that streams in 4k.

It's subscription-based services are offered to consumers who can sign up for accounts at this website through which it provides basic plans with the flexibility for consumers to purchase the add-ons and features suited for them. So they are basically a streaming service a little bit different than netflix. They are focused very strongly on sports, so i can see this. You know making its way into the streaming sector, getting a little bit of competition in netflix and hulu and uh.

You know hbo max those different disney plus. This could be a big player in the future. I've got the sock twist pulled up as well. It's got about 20 500 followers on the stock.

It has grown quite a bit. You know the message: volume is still up. A little bit sentiments up a little bit. These have been dropping.

They were higher in the past, however, because of the decline i'm assuming that there are some buyers who have lost interest, as they were probably chasing the hype and probably chasing the fomo so um. That is a basic overview of what football is. As a company, i will also leave a link to the yahoo financials in the description box down below. If you'd like to check those out.

I do think in the future. This is going to be a good play. I think you know in a year or two's time we will approach this 62 dollar range pretty easily and it might not even take that long. I'm being very conservative with that estimate um, but watch for these price zones, and i do think this is a solid trade to get into.

I would just be wary that you don't buy in at the at the peak of any stock and obviously we're not there anymore. You know, even if you bought in right now, i think you'd be okay as long as you held it for a couple of months, but the lower that we can buy it. The better off, because you're, just gon na, have that much better of a margin of return. So that is what i have for football tv incorporated.

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If that interests you and if you're not interested at all, i'm just glad to have you here as a part of the crew. So that is what i have for the video today. I hope you guys enjoyed it, and i will see you all next time. My friends, peace.