In this video, I'm going to analyze some FIFA World Cup socks that I'm watching for potential day trading and swing trading opportunities. You'll learn about how to interpret the fundamental analysis of these stocks, how they are related to the World Cup, and of course, technical analysis a very highly requested topic. So you don't want to miss this video. You guys know that as a fellow Canadian I have to support our own.

National Team Canada Finally returned to the World Cup after 36 years. So comment down below and let me know which country you are supporting. And don't forget to smash the like button because each one like equals one goal for your team. The first stock that's worth looking into is DraftKings Dkng.

So let's start with fundamental analysis. Dkng is one of the largest publicly traded sports betting companies, so you see the connection there. The World Cup is not only the most exciting sports event in the world right now, but also one of the biggest betting opportunities for gamblers. Specifically for investors in the U.S stock market.

The World Cup 2022 could have the biggest impact on the American sports betting sector since the last time the U.S played in a tournament was in 2014.. the sports by the industry has just experienced a big surge after legalization prior to this year's World Cup. The US is also one of the qualified country this year, so it could lead to a big surge in new users and quarterly revenue for DraftKings. If you take a quick look at DraftKings their most recent earnings report on November 4th 2022, you can see that they are indeed still losing money.

and you can see they lost a lot more than investors and analysts expected to net loss above consensus. but they did guide higher for fiscal year 2022 and 23.. So they can definitely use this boost in terms of revenue from the FIFA World Cup So now let's move on to Dkng's chart and do some technical analysis. Now you can see looking at a daily time frame over here, this stock has been a long term downtrend pretty much since the end of 2021.

Um, but what's good and what's positive is that you can see it's starting to consolidate just below the 200. SMA This green line over here now I'm not endorsing gambling, betting or sports betting in any way, but the stock charge for Dkng is looking juicy to me at the first glance. Now let me show you how I do a simple technical analysis on the chart to identify the key levels Trends and potential trading setups. So like I mentioned earlier, the only indicator I use on the daily chart is the 200 SMA simple moving average.

This is at a quick glance show you whether the stock overall on a long-term trend is bull English or bearish. If you're staying under, then it's bearish. So in this case Dkng, you can see we kind of broke down that 200 SMA since the end of nearly last quarter of 2021. since then, the stock was trading around 55.

Just since then kind of slowly dripped all the way down to 28. um, 50. And at lows, it was trading around ten dollars over here. So this is the 52-week lows.

So as long as saying under the 200 SMA is still considered bearish, however, you know you can see that it's starting to retest that indicator a couple of times. We tested that during the the little bounce we had in August of this year, once second time, again September and now was consolidating once again November after the entire Market bounced with a recent Fomc meetings. So again, what you're looking for is that you want to see the stock hold above it. So ideally you start setting in higher lows higher lows.

So until a meaningful higher low is set in forming above the 200, SMA the stock is going to continue in a long term downtrend. So two kind of strategies: I'm looking to trade on the stock first for day trading. If this thing gaps up overnight, let's say tomorrow it gaps up over the 200. SMA Then I'm looking for a gap up short on the stock just because of the long-term downtrend.

And we talked about I'm looking to show the Gap in faith the overnight Gap up. If it was a day trade now for swing trading, then it's a little bit different. If the stock does indeed break above the 200, SMA breaks above it and start consolidating around the 16 17 level, you can see the 200 SMA The screen line is at 1570s so if it starts consolidating above 16.17 area and creates a minimal higher low, then it's worth watching for swing trading on the long side and over 200 SMA I Think you could have potential upside all the way to this area 20s 21 dollars and if it comes and goes higher and if the market turns around and give us a nice rally then it could potentially see higher up to 24 25. Moving on to the next exciting soccer or should I say football stock that I'm looking at which is Manchester United ticker symbol m A and you okay I Know this is not really a FIFA World Cup stock, but the stock price of this English Premier League Football Team is on fire right now as it's currently on a wild ride to the moon.

Since November 21st, you can see the stock went from 13 to almost 30 dollars, more than doubling in the last couple of days. A lot of news has been boosting the stock price. Lately From the departure of Superstar Cristiano Ronaldo to news of Apple's consideration again potential consideration of buying Manchester United And there's another rumor that Saudi Arabia's Sports Minister has potential intention to back private sector bids for the team. You can see on this chart right here: Menu: Shares have gone on a wild ride.

The stock has surge I think 68 to add about 1.5 billion dollars in value in the course of the last three days in marketing value and you can see Australia did from fourteen dollars to almost around twenty three dollars. and that's all the way back to the levels from you can see down here. from 2018, it's never traded that high since So and this is a stock that actually they traded today. So well back on my actual trading execution platform.

Now you can see this is a daily chart on the left side and I have the intraday chart on the right. Um, so just looking at a trend on the 15-minute chart. That's what I use on the first day of the news. it's when it gapped up I didn't trade it the first day.

Uh, second day I traded a little bit on the long side, but you can see once you zoom out on a higher time frame. So 15 minutes the stock has been on absolute tear on the uptrend. it's really clear. as you can see if you line up the lows from the first day of the breakout, the stock never broke the uptrend so it's been extremely bullish.

So when I trade I like to zoom out and look at the the short term Trend which is you know on an uptrend. So in that case thing I'll just be buying the dip right. Don't fight the trend. The trend is your best friend.

In terms of day trading, my original plan was to trade the gap of reversal strategy, but the stock then needs to sell off a little bit more and profit taking. After the open. it didn't quite do that you can see at the open. they just search from twenty dollars pretty much straight up to 23 dollars.

so never had a meaningful pullback for me to find an entry to loan stock. I only found one here at 2180s and I added some at 22 dollars over here when this thing pulled back from 2280s. So around that I have an average 2190s I sold some into the pop around 22-25s and I held the remainder of my shares intending to sell them higher around 2260s and a higher the day. and potentially if it stays strong, I'll hold it overnight, but that's not the case you can see.

Um, after that little pop I sold um, one quarter of my shares 22 23. so the stock just eventually broke down I Didn't like the fact that they couldn't hold 22 dollars area right here. You can see this 22 area was the prior support that wanted it to start consolidating, hold higher lows once again, and continue higher, continue uptrend. So we're back on the daily chart.

The reason I say the stock is getting a little extended technically is because it basically increased by 68 over the last couple of days from 13 to 23 dollars. And you know one, two, three days. straight up with extremely high volume. Highest volume traded was um 33 million today and today was a half day today.

I might have closed at 1pm the day after Thanksgiving but if you kind of zoom out to the 2018 levels, we're reaching some key daily resistance resistance around the last time it traded here in 2019 21 to 22 dollars range. and there's another little Spike here around here somewhere resistance at 23 dollars. Um, so we're reaching some key daily resistance and it's all up on a lot of talks. A lot of news.

So the danger with these stocks having so much volume and being so extended into a potential buyout news is that if the news, if there's no confirmed news that it's getting bought out by I don't know Apple Saudi or whoever else bidding for the company. If that news doesn't get confirmed soon, you can like see a lot of profit taking short term because what's happening right now is what we call in trading A lot of times buy the rumor, sell the news. You're gonna see a lot of potential profit taking soon, especially when this volume surge only happened after the rumor started. Okay, now go going back to my trading strategies for Manchester United for day trading I think short term if the stock keeps on holding this uptrend that we talked about that's been holding for one to three days, If it still holds a trend, then I'll stay long biased on the stock and can still buy the dip opportunity for me just like I traded it earlier.

So comment down below if you guys want me to make a video on this trading strategy. this is one of my go-to day trading setups that work very well on stocks that are driven by fundamental factors, so we can pretty much see a potential setup on this strategy every other day. Another sector that's worth watching and related to the FIFA World Cup is sports merchandise led by Adidas and Nike with FIFA projecting at least 5 billion viewers, the World Cup is a major opportunity for sports apparel makers to market the jerseys, shoes, and other products with teams and individual players. In the most recent earnings calls on November 9th, Adidas said they're expecting a sale of about 450 million dollars related to the World Cup which will amount to about two percent of additional annual revenue.

So what starts with Nike stock ticker symbol: Nke. This is a really popular dividend stock, but you can see on the long term very similar to Dkng, the stock is in a downtrend below the 200. SMA This green indicator here and you can see it's saying in this huge downtrend since early this year and we are not actually starting to break above that downtrend. So if we can start consolidating above the 102 105 area, this thing I think can actually test 110 and potentially a 200 SMA Around 113 over here and a lot of times after I do some basic Trend analysis on daily I Like to switch to the weekly chart as well.

you can see the downtrend holds up on the weekly chart alerts. You can see a lot of this little wigs breakouts being sold into them weekly. and now you can see this downtrend lines up over here which was starting to break out above. So the downtrend at 103's we're breaking above 105 107s went almost to 110 and now holding about 104s.

So this can actually start setting in as a meaningful higher low. remember something we talked about on Dkng. So if you can start doing that I think we can see a bullish move to first of all, test 200 SMA And then a big factor. a big question mark is earnings call.

They have earnings in December 20th which is coming up um after the World Cup Coincidentally, so Nike stock is actually looking pretty exciting. Um, going into earnings, especially with the Boost of the World Cup especially if the teams do well. Their teams this year are friends United States and Brazil so keep that in mind. Now moving on to Adidas I Hate to say this, but the chart also looks very similar except that it's still in a downtrend.

Looking at the weekly chart on Adidas, you can see it's still staying in this downtrend. Um, hasn't broken above it. It's still in this huge downtrend. Um, same idea on the weekly chart as well as the daily chart.

So I Don't think it's looking as bullish as Nike But remember, if the teams do well, maybe just maybe you know, no guarantees, maybe they'll rally into into the end of World Cup especially if the teams win in the Adidas jersey. Teams are Germany Spain and Argentina I Hope this video has been helpful for my fellow Traders day Traders and swing Traders watching these World Cup stocks. If you're interested in learning more about my day trading and swing trading strategies, then make sure to start from this playlist right here. I Received many positive feedbacks from these step-by-step lessons and especially from beginner.

Traders So make sure to watch that for my free strategy videos. Let me know in the comment section below if I missed any other soccer or World Cup related stocks or if you want me to analyze any of the stocks for our next video. Thank you guys so much for watching As always I'm the humble Trader I Will see you guys next time.