When FuboTV Inc (NYSE:FUBO) printed its first-quarter 2021 earnings back on May 11, the company raised its guidance for the full year and its stock made a bullish reversal.

The streaming service, known for hosting live sporting events, had been trading in a steep downtrend since making an all-time high of $57.47 on Jan. 27 and its earnings report finally marked the bottom at the $14.64 mark.

By 1 p.m. Monday afternoon, bullish volume had already exceeded FuboTV’s daily average volume by 3.3 million and, after consolidating briefly on lower timeframes, FuboTV’s stock burst through its upper resistance level.

FuboTV is trading above both the eight-day and 21-day exponential moving averages (EMAs) with the eight-day EMA trending above the 21-day EMA, both of which are bullish indicators. FuboTV’s stock is also trading above the 200-day simple moving average which indicates overall sentiment in the stock is bullish.

See Also: How to Buy FuboTV Stock Right Now

Bulls want to see continuation and for bullish volume to come in and push FuboTV up to its next resistance level at $34.72. If it can regain that level as support it has room to move up toward $38.78.

Bears want to see FuboTV drop back down and continue to reject the $31.50 area. If FuboTV trades back down below the level it could revisit its next support at $26.01.

FUBO Price Action: Shares of FuboTV were trading up 8.5% to $31.75.