What is up, everybody welcome to trades trades, where we give technical analysis on different stocks in the stock market as well as 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 dude on youtube, so take what i say with a grain of salt. With that being said, today we are looking at ticker symbol, fubo fubo, fubo tv incorporated.

Let me just say this thing has been an absolute monster holy toledo. If you look back five days ago, we had a price valuation of twenty seven dollars and fifty cents about, and we are currently closing out the day at about sixty two dollars and ninety nine cents. That is over one hundred percent return margin on the stock. If you got in on this patch yourself on the back, because you have seen some absolute filthy returns on your investment, that is amazing.

It is not very often in the market that we have an opportunity to have a 100 return margin on a stock, especially with such little support, necessary or downward volatility. This thing has pretty much just consistently risen. It hasn't done much consolidating whatsoever. It has just been an absolute monster and volume.

If anything has been increasing. The momentum has not gone down. There has not been any struggle, there hasn't been any resistance levels. This thing is just climbing.

Now what potential money making opportunities do we have with fubo? Well, one thing to keep in mind is over the last five days. This stock has basically been completely above the vma, the volume moving average, which means this is absolute bullish territory. The bulls are in complete control of this stock. I think there has probably been a collective two or three hours in the last five days, including the pre-market and after hours that this was in bullish, not bullish, bearish territory, and that is uh.

That's a great sign if you uh, if you are holding this stock, so if you are holding, i would personally continue to hold and set a trailing stop loss. However, i'm not a financial advisor or expert so do your own due diligence and make your own decisions, but there seems to be more upside with this stock and if you'd asked me, you know a couple days ago, if i thought it would go to sixty dollars. I definitely would have said no, i thought forty dollars was uh was a pretty hefty return margin to begin with, but you know anybody uh, i don't think there's any person on the planet that can say this won't continue to run because it very well might you Know the volume is still there, the momentum's still there and more most importantly, the hype is still there, so i would not sell out of this position. I would continue to hold your position in this stock because, let's say hypothetically, you set a 10 trailing stop loss on this.

While you are currently sitting at a 100 percent margin return then you're. Looking at 90 percent, it's not like you're losing whatsoever. You've already made an absurd amount of money, and the risk is pretty much nothing. There's no risk at all, because you've already made your money and the upside is infinite.

This this stock could continuously grow and you could continuously make more margin return on your investment. So if i was a shareholder, i am not, i wish i was. I would continue to hold your position future investing opportunities. Would you like to buy this stock? Personally, i'm not going to get into this.

I do think that there is a price correction coming soon. I couldn't tell you when it's going to very highly depend on when volume starts to die down and when short sellers come into the play. However, the risk here for someone who is not currently a shareholder is a lot higher than somebody who is because, if you buy in at the 62 high and this thing tanks, you are going to be a bag holder or you better - have a stop-loss set, because This thing eventually is going to correct itself, as is the market's typical pattern, and you definitely don't want to be caught holding the bag, because it might take a long time for this thing to go back up to 62 dollars if it tanks. So, personally, i would wait to get into this stock.

I have a support level set here as uh as weak as this is. This is not a very strong support level. We do have three candlesticks that touch this, but if this tank, if this stock does tank it uh it very well could come down to this 36.68 valuation now will it you know, i can't tell you that there's no way for me to know, if i did Know i'd be a very rich man and so would all of you, but that is the support level that we currently have given the stocks current price movement. Now in the short term, this does also seem to be a support level at 54.20.

So if, in the short term, you see the stock come down here, that may be a potential buying opportunity. Now the big money maker for people who are not in this stock right now is people who are looking to short this stock. Eventually, the volume is going to die and the hype will die and there will be a price correction, and that is going to be a huge opportunity for you, as short sellers, to get in and make a quick return, because the market tends to go down a Lot faster than it goes up. So if you do see this, this uh stock start to tank.

I would look first at this 54 dollars and 20 cent price valuation as a potential exit point, a point in which to buy back your shares or if we do not reach that, and it continues to tank. You could look at this 36.70 price evaluation as a secondary level of support in which to get out of your trade. Now, that's not quite a 100 percent return on investment, but it is very close and that would be a fantastic opportunity for short sellers to make a quick profit with that being said, that is all i have for the video today. Thank you for coming.

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That is all that i have for you today and i appreciate all of your time i'll see you next time. Peace.