Long on Manchester towards $15
Good day, based on our technical analysis on 
MANU and research of the fundamentals of the football club we are long on the Stock.
IMPORTANT TO NOTE!!!!!
MANU has it's earnings on 14 Sep 2022. The estimated earnings is a negative -0.13. Based on the actual reported earnings and reaction on the earnings we will place entries accordingly on lower entries of the stock.
My personal Opinion:
- I personally believe based on a few indicators that in a economic recession and especially a depression that the crime rate and alcoholism rate will go up, more people will be unemployed and in turn start making more bets on sport related topics. I also believe that sponsors will dry up in the area.
- Lastly the company in my opinion is undervalued and I believe the club will be existing in the coming years.
Buy Limit: $12.70
Stop Loss: $11.70
Target: $15.25
RR: 3.45
Buy Limit 2: $11.85
Stop Loss: $10.85
Target: $15.25
MANU and research of the fundamentals of the football club we are long on the Stock. IMPORTANT TO NOTE!!!!!
MANU has it's earnings on 14 Sep 2022. The estimated earnings is a negative -0.13. Based on the actual reported earnings and reaction on the earnings we will place entries accordingly on lower entries of the stock.
My personal Opinion:
- I personally believe based on a few indicators that in a economic recession and especially a depression that the crime rate and alcoholism rate will go up, more people will be unemployed and in turn start making more bets on sport related topics. I also believe that sponsors will dry up in the area.
- Lastly the company in my opinion is undervalued and I believe the club will be existing in the coming years.
Buy Limit: $12.70
Stop Loss: $11.70
Target: $15.25
RR: 3.45
Buy Limit 2: $11.85
Stop Loss: $10.85
Target: $15.25
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