In this article, we will be reviewing the calls we made in August. Our calls this month cut across stocks, currencies, and crypto. The first call we made was on the 1st of August. We forecasted that the share price of Car Rental company, Hertz, will rally to $24. This was a wrong call. That same week on August 5, we made a call that stock market index, S&P 500, will drop to a new low below $3635. This call was a Hit!
On August 9, we made a call that Karuna Therapeutics’ share price will fall below $200. This forecast hit its target. Later that week, we forecasted that currency pair EURGBP will break support at 0.83396 to the downside. This forecast did not hit its target.
On August 17, we made two calls. We forecasted that Bitcoin will fall to a $20,000 psychological level. We also forecasted that Walmart’s share price will rally to a new all-time high above $160. The forecast on Bitcoin was a hit. The forecast on Walmart is still in progress.
On the 22nd of August, we forecasted that GBPUSD will rally to 1.21699. On the 25th of August, we forecasted that Tesla’s share price will range around $300 psychological level for the next few months and might not reach $400 for the remainder of the year. This forecast was wrong while the forecast on GBPUSD was a hit.
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 currencies in your portfolio? Schedule a meeting with us here