Understanding Support Levels For FuboTV (FUBO) Using TA
Some of my friends have questioned why I am using Technical Analysis (TA) during this period.
However, I feel precisely that it is "this kind of time" that investors should embrace TA.
By knowing the important support levels will give me a better grasp of how I should average down when the macro economy is in such a bad situation, with so much uncertainty, and the stock market is on the decline.
After all, our resources are limited, thus having more knowledge is essential.
Therefore I have requested my friend to provide me another technical analysis for FUBO.
To give you a better idea of what my friend does, he is a swing trader with a longer term timeframes.
He basically does not day trade. If the company hits his target price (even earlier than his timeframe), he will sell.
As a result, what he supplied is most likely an entry point with a time limit of a few weeks to a month.
|Image taken from SLCDunk Website|
|Technical Analysis For FuboTV (FUBO) as of 4/3/22 SG Morning Time|
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