I've been looking for a reason to get in on Fubo, and a low volume pull back sounds like a great entry. I'm likley going to start a position tomorrow and add if it decides to go lower. I want to start scaling out my exit as it previous highs are reached and bag holders unload. I'll buy any low volume pullbacks as this occurs.
Most of the high volume buying was done at 36 this month, but I expect 40 to become a new demand zone should it dip lower as this is the 0.382 fib.
My stop loss will be below the historical demand volume shelf of 36. If it gets below here, the market is in tatters.
Most of the high volume buying was done at 36 this month, but I expect 40 to become a new demand zone should it dip lower as this is the 0.382 fib.
My stop loss will be below the historical demand volume shelf of 36. If it gets below here, the market is in tatters.