In this article, we will be reviewing the calls we made in May 2022. Here we go. On May 2, our analysts forecasted that Coinbase share price would rally to $200. Unfortunately, the bulls were not able to gather momentum for a price rally. A week later, on May 9, our analysts stuck to their forecast of the crypto market crash and called Bitcoin to fall to $30,000. This forecast was a hit.
On May 11, our analysts forecasted that Silver would drop to $20 per ounce. This call was accurate. On May 17, we called USDJPY and forecasted that it will dip to 127.500. This was a miss. On May 19, we forecasted that Tesla might drop to $600 and it did. On May 23, we forecasted that EURUSD will drop below 1.0470. This was a hit too.
On May 26, we saw FTSE 100 breaking to a new all-time high but this target has not yet hit as it still is in progress. A few days later on May 30, we forecasted that Coca-Cola share price will fall further if it manages to break the $60 mark to the downside. This call was spot on!
On that same day, we forecasted that the share price of Clean Energy Tech company, Sunrun, might rally to $40. This nearly hit the target as price reached $39 before retracing. We believe it is still in progress. Our last call for the month of May 2022 was the NZDUSD currency pair. We forecasted that it might fall below 0.64271. This call was accurate. Altogether, this was a 60% accuracy on our calls.
Some of these ideas are in our clients’ portfolios. To understand if this one can work for you or for help to invest your own wealth, talk to our advisors at FM Capital Group. Would you like more information on how to get stocks in your portfolio? Schedule a meeting with us here.