I am seeing about 27% short interest in FUBO, but I do not trade on this. My technical reasons are sound, and short interest may drive stock higher if it moves up. There is a large sell block today, 22k, at $8.03, which may clear this week for stock to move higher. Call options are very cheap so I suggest taking 14Apr and later expiry. This stock has not gotten attention yet (unlike other meme stocks) but I think it will. Buying here below 8 gives you a very low risk swing trade with a tremendous reward potential.
Weekly chart
> RSI and stochastic both are exiting from oversold levels and may see buyers in the next few weeks
> Ovals highlight previous move up which could repeat, technically speaking
> During price rise marked by oval RSI held over 40, so this this time with it coming from below 30 there may be more buying power
> Set 8.40 alert - over this could see a sustained move higher
Daily chart
> Bullish divergence complete (green lines), followed by strong move over the downtrend line
> Stochastic %K gave a warning for more upside price action (rectangle), and %D still has to move higher
> Looking for RSI to move over 50 and stay, to support more upside
> Green arrow marks a bullish 3 candle move that helped 10ema move over 20sma
On 30min chart, 20sma is above the 200ma and the cloud. You can draw a support line from the highs on 18 & 23 March.