$FUBO TV in new “Go” trend on weekly Chart

$FUBO TV in new “Go” trend on weekly Chart


July 2023


Alex Cole

After a long "NoGo" that began in November '21, the trend has changed for $FUBO.

Now, we see GoNoGo Trend indicator has identified a "Go" trend painting a second consecutive aqua "Go" bar after first painting an amber "Go Fish" bar.  A "Go Fish" bar represents uncertainty and we often see them in periods of transition between trends. GoNoGo Oscillator suggested this change as it broke above the zero line a few bars prior telling us that we finally had positive momentum. Now, with a "Go" trend in place and momentum on the side of the trend, we will look for price to climb above the high from January '23.