$FUBO looks for support in “Go” trend

$FUBO looks for support in “Go” trend


July 2023


Alex Cole

In early May $FUBO entered a "Go" trend.

After having been in a strong "NoGo" for some months we saw price rally out of a basing pattern following GoNoGo Oscillator's move above the zero line on heavy volume.  Having made a series of higher highs and higher lows we see the "Go" trend looking for support as price falls away from the most recent high.  GoNoGo Trend is painting some weaker aqua bars and GoNoGo Oscillator has fallen to test the zero line from above and volume is heavy.  We will watch closely to see if the Oscillator finds support at this level. If it does, this would tell us that momentum is resurgent in the direction of the "Go" trend and we can look for a new price high.