@dayomabinuola, Author at FaithMight

April 20, 2022April 20, 2022

The USD Continues Gaining Against The EUR

EURUSD opened in the year 2022 at 1.13695. All through 2021, EURUSD was majorly bearish with 8 out of 12 of the monthly candlesticks being bearish. The pair continued its bearish run as it entered 2022 and found support at 1.07574.

Despite the continuous fall, there have been a few times when the bulls tried to trigger a rally. However, each time this happens, the bears overpower the bulls and send the price further downwards. On the 4-Hour timeframe, the price has indicated oversold positions since the first week of April. Despite this indication, the bears are still dipping the price of EURUSD.

There are indications that the price could rally, against the current odds, to 1.11542 as the price recovers in the coming weeks. Currently, the price has crossed over to the upper region of the Bollinger Bands which could be an indication of the next bullish run.

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.

April 11, 2022April 11, 2022

Procter & Gamble To maintain Bullish Trend

The consumer goods giant has been listed on the NYSE for over 40 years and has accrued huge gains over the decades. Looking at the monthly charts since the IPO, there have been several higher lows and higher highs which is a fundamental characteristic of a bull market. Analyzing the monthly chart, there have never been indications on the RSI that the price has been oversold.

Generically speaking, fast-moving consumer goods are low-cost and often affordable which typically makes FMCG companies record-high revenues. Also, consumer goods are products that the population “consumes” and uses up very fast hence the name “fast-moving”. This makes consumer goods sell very quickly and inevitably increases the revenue made by the FMCG companies. Since 1978, the world’s population has increased by over 3 billion people. This data corroborates the success of FMCG firms particularly a firm like P&G which has been in the industry for decades and is considered a global leader in the FMCG industry.

Like other stocks, $PG experienced a fall in 2020 as the price moved from the pre-Covid price of $128 to $94 during the lockdown. Post-Covid price was able to rise to a new all-time high in December 2021 at $164. But then, it rose again to another new all-time high at $165 in January 2022. After this all-time high in January 2022, the price fell to $142 in March 2022 which currently serves as the year’s support.

Price has been able to bounce from the support to the current price at $160. This rally is expected to continue and the price could break out of the current resistance level at $165 which will invariably lead to a new all-time high.

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.

April 7, 2022April 7, 2022

Investors To See Share Price Increase As Delta Airlines Makes New Policy

Since Delta Airlines hit its all-time high in July 2019 at $63, the bears have been significantly active as price plummeted to $17 in May 2020. The global lockdown played a huge role in this nosedive as it did for other airlines like Virgin Atlantic and Southwest Airlines. Following the global roll-out of vaccines and the subsequent ease of the lockdown in the last quarter of 2020, the $DAL share price got a reasonable boost that pushed the price above $50.

Recently, Delta Airlines announced a New Policy Shift that was targeted at easing travel fares for flights with high price tags. This loyalty program was run all through 2021 and still continued this year but it was meant to be temporary. However, the airline has now announced that the benefits from this loyalty scheme will become permanent. According to the announcement, Delta Airlines will be the first airline in the industry to announce this type of benefit.

This year, the resistance for $DAL has been maintained at $45.20 while the support level is at $29.84. This new policy is expected to influence the movement of the share price to the upside. Although there are several Dojis in the upper region of the Bollinger Bands, the bulls could steal the trend and as a result, the price could rally. This rally might push the price above $50 which is over a 35% increase from the current price of $37.

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.

April 6, 2022April 6, 2022

Nike Investors Look Forward To A More Profitable Q2 2022

Nike stock, for the most part of its lifespan on the New York Stock Exchange, has been an Investor’s Paradise. It has been able to achieve over 8X since it went public in 1980. The apparel & footwear giant hit its all-time high in November 2021 at $178. Between November 2021 and March 2022, Nike took a dramatic fall downwards to $116, a $62 loss, leading to a new support level at that same $116 price mark.

There are indications of the price being oversold on the RSI weekly chart. Analyzing the candlestick formations, the candlestick on the week of March 14 forms a bullish engulfing pattern which consequently wipes out the bearish momentum of the previous candlestick on the week of March 7 (see yellow circle). This means that a bullish run could be underway in a few weeks.

This rally – if it occurs – could fill up the gap-down that occurred earlier in the year between the weeks of January 3 and January 10 respectively. Price could ride this bullish wave to hit $171 although the price is currently in the lower region of the Bollinger Bands and is still gathering momentum.

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.

April 5, 2022April 5, 2022

Facebook Share Price Sets To Appreciate Beyond $300 Psychological Level

Facebook opened the year 2022 with a share price of $337, after it ranged for the most part of Q4 2021. Through the last quarter of 2021, the price ranged between $299 at the lower end and $353 at the upper end. The first breakout to the downside occurred on January 24, 2022. This breakout only lasted for a few days and the price found its way back into the range. On February 2, 2022, the price closed at $323 which was still in the range.

However, on the next trading day (February 3, 2022), a gap-down occurred which made the share price open at $244. At this point, the price was outside of the range and a bearish movement had kicked in as a result of the gap-down. The price kept falling till it hit a new support level at $186. This fall wiped out the profit that was made between June 2020 till September 2021 (the month when the price reached an all-time high at $384). The last time the tech giant’s share price got this low was in April 2020.

On March 16, 2022, the price bounced off the support line. RSI indicates oversold positions on the weekly timeframe. Could this be the bull run investors in $FB have been waiting months for? If this bull run continues, the share price could go beyond a psychological level of $300 and hit $368.

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.

April 1, 2022April 4, 2022

Etsy Share Price Consolidates

American e-commerce company, Etsy, began to suffer a big loss in share price after an all-time high was reached at $307.57 on December 26, 2021. $ETSY has lost about $200 since its all-time high last year December. The bears have been more active since the beginning of the year 2022. Etsy opened the year 2022 at $222 but has since lost about $100, leaving it at $124.28 as at April 1, 2022.

In the past 5 months, there have been several indications of the price being oversold on the Etsy 4hr Chart . Etsy’s previous support level on the weekly chart was maintained at $155.15 since May 2021. The recent downward slide this year has made Etsy reach a new support level at $108.95 as of February 24, 2022. The next bull run for Etsy might make the price reach $278, which is over $105 gain from its current price. In a situation where the bulls continue to push prices higher than $278, a new all-time might be reached. As price consolidates, a breakout to the upside above $164, could be the clue for the next bull run.

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.

March 30, 2022March 30, 2022

Airbnb Maintains $140 Support Level

On December 10, 2020, Airbnb went public with an IPO price of $146 per share. For the first two months after the IPO, the bulls were in action, rallying the price to an all-time high of $219 per share in February 2021. Following this all-time high was a price slump, with the price closing in May 2021 at $140, a price below the IPO. For the next three months after the price closed below the IPO price, the price ranged between $130 and $155.

In September 2021, the price broke out to the upside which initiated a new price rally that allowed the price soar to $212. Despite the gains accrued in the first quarter of the year 2021, the price closed for the year 2021 at $166. January and February 2022 must have made investors even more worried as the two months closed on a bearish note.

March, however, has been comparatively more bullish than the first two months of the year 2022. AirBnB’s share price is currently at $175. From a technical analysis standpoint, if the weekly candlestick closes in the upper region of the Bollinger Bands, we might see a bullish run that will shoot the price above $192 per share.

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.

March 28, 2022March 29, 2022

Apple To Hit A New All-Time High

Apple hit a new all-time high of $182.93 on the 4th of January, 2022. Long-term Apple investors were able to benefit substantially from the new all-time high. The rally to the all-time high could not be sustained for long as the price of $AAPL slumped to a support level at $150.80. This could have been a result of the ongoing war between Russia and Ukraine; or the increase in inflation rate in the US. Over the last decade, $AAPL share price has been on a bullish run with few price corrections. Late into January and the whole of February 2022, there was a correction in Apple’s share price but this dip did not terminate the bullish streak.

Since mid-March 2022, the $AAPL bulls began to push price higher after an inverted hammer was formed on the 14th of March, 2022. The price of $AAPL closed at $149.66 on the day the inverted hammer was formed. The second and third week of March 2022 have shown that the bulls are about to push the price to a new all-time high in the next quarter. On the week of the 26th of March, $AAPL closed at $174.72, which was over a $25 increase in the price of Apple shares. This recent bullish trend is giving investors confidence in Apple as they hope that the price continues its rally.

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.

March 24, 2022March 24, 2022

NZDUSD Finds New Support Level

As a result of the global pandemic in 2020, the NZDUSD went as low as 0.54724. Since then, the New Zealand Dollar has been able to appreciate against the United States Dollar in the past two years. Between these two years, the price hit a high of 0.74670, and this happened in February 2021. Last year, the bears were more active on NZDUSD and the bearish trend from last year found a new Support Line at 0.65340 which is about 1000 pips from the high in Feb 2021.

Despite the bearish turn in January 2022, the months of February & March 2022 have both been bullish. The NZDUSD pair is currently at 0.69511. This rally might not be maintained as RSI has shown multiple times that price has been overbought on the 1-Hour timeframe. Also, the price is currently consolidating on the 4-Hour timeframe. This consolidation might lead to a bearish turn that could drive the price down to 0.67374.

March 21, 2022March 21, 2022

USD TO GAIN MOMENTUM AGAINST THE EURO

EURUSD opened in 2022 at 1.13685. The bulls attempted a rally but the upward movement wasn’t a strong one and in the process, a double top was formed. This double top happened between January 2022 and February 2022 and during this period, the price hit the year’s high at 1.14965. After the double top, $EURUSD dipped to 1.08062, about 700pips loss from the year’s high.

This month, EURUSD rebounded and made its way to January’s support at 1.11218. This upward movement has continued and the price has reached a monthly high of 1.11395 as of 17/03/2022. As suspected, this rebound is not evolving into a full-blown bullish rally as $EURUSD has begun to lose its bullish momentum. The price is currently falling even though there are no indications on the RSI that the price has been overbought on the 4-hour timeframe. If the price closes in the lower region of the Bollinger Bands, this might lead to a continued bearish run.

As the price continues its downward trend, technical indications show that the bears might be more active as the price might reach 1.08236 which may serve as the major support level for the first half of the year 2022.