Can not really ignore that volume.

FUBO made a beautiful break above 30 today. I have been watching FUBO base and reject off the 30 zone for while now. See previous posts. Price gapped up this morning consolidated for a bit then exploded higher. If you missed the move is best not to chase the latter part of the move because a lot of the volume may have been shorts covering. Once the shorts are thinned out there can be a vacuum effect and price falls back down. Best entry now would be a pull back into the shaded box with targets at the dotted lines above. If price gaps up into the lower target I would wait for a reset. By that I mean wait for price to consolidate and play the break to the higher targets. Given the volume today there is a good chance price has more to go.

註釋

For those looking to enter this here is how I would like to play. Because it has gapped the next target would be the 618 at about 43. My preferred setup would be a pull back into the first green box at 36/34. If it runs I don't chase. Make sure you have a plan and know your time frame. If you are thinking longer term its OK to start building a position over time. ie buying in 3 lots to get a good average price. As long as this stays above the lower green box the base would be intact.

註釋

So FUBO offered a good entry in the 35/36 zone with a quick push to 38. I was already in the name so I actually added at 35.80 and trimmed again at 38.. My stops are at break even hoping for a push above 40 on the rest. Let see how it plays out. Hope the detail helps.