FUBO | Lots of bag holders will provide resistance

Hey all

The idea is that FUBO has created a deep range of bag holders around the 27 - 28$ mark, which will probably provide for strong resistance in the days to come.

I would like to see the name retest a double bottom around 20$ before taking a long position.

Any thoughts?
Good luck to all!
(*This is not financial advice, for sake of discussion and illustrative purposes only*)

Kommentar:

This thing tried a breakaway on great news, but found lots of resistance as expected, and has traded back to the bottom of the range.
Wondering if 20.30$ is bottom.

Kommentar:

It seems FUBO has also broken it's 20.30$ support.
It's looking continuously worse for this stock, I wouldn't like being Long right now..