FaithMight

Author: @dayomabinuola

  • Etsy Dips To A New Low


    Etsy is an American Vintage e-commerce company focused on handmade and vintage items and craft supplies. Etsy was founded 16 years ago and went public about 7 years ago at $16. On the day of the IPO, the share price rose by 72%. After 9 months of its launch on the stock exchange, it took a bearish turn and hit an all-time low at $6.04.


    From January 2016, $ETSY share price took off in the bullish wave. In November 2021, Etsy’s price reached a new all-time high at $308.96. That high reflected on the RSI as an “overbought” indication. Following that all-time high, the share price fell and so far, the share price has lost 65% of the price of the all-time in November 2021. The most recent price dip did not indicate oversold on the RSI despite the 65% fall in price. The crisis between Russia and Ukraine has not really affected the US stocks as $ETSY has been appreciating from the new low at $108.53 for the past two weeks. This appreciation could lead to a long-term rally that could see $ETSY gaining 100 points.

    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 and commodities in your portfolio? Schedule a meeting with us here.

  • Beyond Meat Slumps By 9.2% In The Stock Market

    Beyond Meat went public in May 2019 and its IPO price was $45. From the month of the IPO to July 2019, which was under 90 days, Beyond Meat’s share price shot to $240 which became its all-time high. Following the dramatic surge in share price, Beyond Meat lost its momentum and took a downward slope over an 8-month period to $48 in March 2020.

    Daily Chart

    Despite the share price almost falling back to the IPO price, the bulls were not giving up on Beyond Meat just yet, and so the bulls became active and it led to a rally in price to $220 in January 2021. The bears have been aggressive since then and for 12 months straight, Beyond Meat’s share price has kept falling.

    On the 25th of February, Beyond Meat’s share price closed for the first time ever below the IPO price at $44.49. RSI has been oversold since December 2021. Taking into consideration the RSI readings and other technical indications, the bulls might become more aggressive in the coming months and the price may rally above $154 which is about 3X the current price.

    Weekly Chart

    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 and commodities in your portfolio? Schedule a meeting with us here.

  • Uncertainty In Gold Price Movement Amid Russia-Ukraine Tensions

    Ever since the all-time high for Gold was reached in August 2020 at $2074 per ounce, the bears have been more active in $XAUUSD’s price action. Before the all-time high in 2020, there was high volatility in the price of gold. For example, the lowest price of $XAUUSD in August 2018, August 2019, and August 2020 were $1,160, $1,400, and $1,865 respectively.

    Daily Chart

    Since the all-time high in 2020, the price has maintained a support level at $1,677 even till now. The current resistance level is at $1,917 which has been active since 2021. As at August 2020 when the price of $XAUUSD reached an all-time high, RSI indicated that the price was overbought which possibly was the cause of the price dip at that time.

    Weekly Chart

    Since the beginning of 2022, Gold has rallied. This week, Gold hit $1,912, the highest point since the year 2022 began. It isn’t certain that Gold can keep up this rally for much longer as the rally is linked to investors’ panicky response to hedge their investments in precious metals, which are commonly considered to be safe havens during geopolitical crises.

    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 and commodities in your portfolio? Schedule a meeting with us here.

  • Fastly Loses Big 

    Fastly is an American cloud computing services provider, which is designed to help developers extend their core cloud infrastructure to the edge of the network, closer to users. The stock had its IPO in the spring of 2019. After surging in its debut and eventually doubling from its IPO price in the early fall, shares went down over 35% from their highs in the fourth quarter, putting many post-IPO investors in the red. $FSLY stock started trading at $21 per share. Fastly said it had sold 11.25 million shares at $21 each, raising $180 million. Fastly investors are back to the initial stage. 

    Monthly Chart

    Before the current downturn of Fastly, the IPO investors made over 6x since its IPO. The all-time high of Fastly was in October 2020 at $136.45.  The price of Fastly is currently trading at $20.27, a few points below the IPO price of $21.50. At the beginning of this week, $FSLY opening price was $27.70. Fastly has lost over 27% of its value from the beginning of the week. Until certain measures are taken before $FSLY share price could rally, though a gap-down has occurred which might be filled soon. Since the January 2021 monthly candlestick finished with a bullish one, only June and October monthly candlesticks finished on a bullish note, all other ones have been bearish. 

    Daily Chart

    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.

  • The Loonie Might Appreciate Against The Buck

    At the beginning of the global lockdown in 2020, the bucks gained massively against the Canadian dollar as prices moved from the ranging market between 1.29582 and 1.33864. This price range was before the lockdown, which lasted for more than 6 months. A breakout of the range occurred in February when the price rallied to 01.46710. That rally was about 150pips. The price of $USDCAD was last reached 1.46710 in January 2016 until the rally before the lockdown. After the lockdown easing, the loonie gained against the dollar which made the price reach 1.20193 in June 2021 after 6 years. 

    Monthly Chart


    As the $USDCAD maintains support at 1.20103 since last year, a bounce has occurred as the price reached 1.29658 from the support level. Though RSI shows price has been oversold, the bears could still push lower to 1.24754 from its current 1.27472. RSI  shows the price has been oversold on the 4hr Chart. Looking at the monthly time frame, the price has been ranging for about 6 months with the bulls more active. The bears might take charge in the next trading days. 

    4hr Chart

    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 and stocks in your portfolio? Schedule a meeting with us here.

  • Lyft Bounces From Support Level


    All of Lyft’s profits gained in 2021 were lost before the end of the year. Despite the bullish ride from October to March 2021, the bears overpowered bulls as the share price slumped to $34 from the March 2021 high at $68.  The lowest price for Lyft was at $15 which occurred in March 2020 during the global pandemic. The only time Lyft traded above the IPO price was April 1, 2019, the same day it was listed on the stock exchange. Lyft’s IPO price was $72 valuing the company at $20.5 billion. 

    Daily Chart

    Lyft investors post IPO have never had a reason to smile to the bank since most part of the time it has been listed on the stock exchange, it fails to trade above the IPO price. The next rally could push the price to a new resistance in the year 2022 at $55 as the price is currently trading at $41.20. The recent bounce is a result of LYFT’s Q4 earnings reports, as price rallies. The revenue rose to $969.9 million from $569.9 million from the previous quarter.  Analysts estimated revenue of $940.07 million. RSI on the daily chart already shows the price has been oversold in December, as the price is currently in the upper region of the Bollinger bands. 

    Weekly Chart

    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.

  • Meta Share Slumps, The Worst Day Fall For Any Stock

    The Facebook parent company, Meta Platform Inc plunged 26% last week Thursday after the release of poor earnings results. About $251.3 billion in market value was wiped out, making it the biggest daily loss for any U.S. company ever. As a result of this fall, Mark Zuckerberg lost over $30 billion. This massive fall of Meta made other tech stocks fall, the likes of Twitter, Snap, and Pinterest.

    Weekly Chart

    In the year 2021, the opening price of Meta was $274.79 and closed at $332.46. The appreciation in price put smiles on the faces of investors. Now, the reverse is the case this year. The opening price of the Meta stock was $338.26 but now the price is at $237.01, which is a 30% loss from the year’s opening price. Long-term investors have nothing to fear about the most recent dip in the price of Meta. In the coming weeks, the price could rally to $381, which will eventually lead to a new all-time high.  There was a gap down when the market opened last week Thursday as a result of the earnings report. On Friday, Meta’s loss increased because of the continued bearish turn, but at the end of the trading day, there was a rally that formed a Doji. RSI using the daily time frame shows that price has been oversold, which could lead to a possible reversal.

    Monthly Chart

    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.

  • S&P500 Bounces After The January Dump

    A huge selloff has occurred in the price of $SPX since the beginning of this year after the market opened on the first trading day of the year at $4784.65. On the second trading day which was on the 4th of January, the price reached a new all-time high at $4817.87. The bearish confirmation was on the year’s third trading day after $SPX lost over 80 points in a day.  The month of January was bearish for $SPX after its loss of over 260points, which was almost a 6% loss from the year’s opening price of $4776.61. Just like the American market, the European and the Chinese markets had a poor January as the market was majorly bearish. In January, $SPX had the worst month since March 2020. Our analysts forecasted the price drop of $SPX in one of our articles in January 2022.

    4hr Chart

    The sell-off in January was due to the Fed signaling its readiness to tighten monetary policy, including raising interest rates multiple times this year to tame inflation that has shot up to the highest level in almost 40years. The $SPX has been a bull market over the decades. The sell-off in January was a normal correction expected in a bull market. The correction of $SPX made the price hit the lowest price in January at $4221.07. A bounce from the dip occurred in the last week of January as a Doji was formed, which could lead to the beginning of price recovery. The bulls are beginning to gather momentum as the price closed at $4505.15, about 7% price appreciation from the January low. As the bulls begin to become more active, the price could reach $4805.68 in the coming weeks. Price has currently crossed to the upper region of the Bollinger bands on the 4hr chart. 

    Weekly Chart

    In the 12 months of 2021, $SPX had a new all-time high in each of them. $SPX has continued with a new all-time high in January before the dump. Will a new all-time be reached in February?

    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 venture capital in your portfolio? Schedule a meeting with us here.

  • Microsoft Appreciates After Earnings Report

    Microsoft reported earnings beat analyst expectations. The earnings per share came in above what analysts had forecast, rising 22.2% year over year. Revenue also surpassed analyst estimates, up 20.1% compared to the same quarter one year ago. Microsoft’s opening price at the beginning of 2022 was $335.87. The price has since fallen to $296.71, making it the worst monthly fall ever. That is an 11% decline since the beginning of the year.

    Daily Chart

    Furthermore , the company’s shares fell as much as 5% in post-market trading on Wednesday. Over the past year, Microsoft’s shares have made a return of 26.7%. The share price of $MSFT reached an all-time high at $349.69 in November 2021. Before the global market tanked a few days ago, the price had been ranging since that all-time was reached. The price of $MSFT reached $276.02 on the 24th of this month before a price correction. The last time price of Microsoft was at the $276.02 level per share was back in July.

    15mins Chart

    The 15mins time frame is showing that an inverted head and should pattern is about to form, which, in the long run, leads to a massive bullish run. In the next few days, the price should fall to complete the head and shoulder. If this is completed, the price could reach $339.98. The market opened yesterday after a gap-up but closed on a bearish note. The global market has been very bad this week. The next rally might just be what investors have been waiting for since the holidays are over. The RSI daily chart already shows that the price has been oversold. This could be the indication the bulls are expecting.

    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.

  • Western Union Investors Are Having A Relief

    The Western Union Company is a leader in cross-border, cross-currency money movement and payments. The share price of Western Union nosedived from April 2021 at $26.55 to reach a new low at $15.67 since October 2014. Just like many other stocks, $WU share price fell from a price level at $28.44 to $17.44 during the lockdown in 2020. The ease of lockdown from 2020 to the year 2021 made the price rally reach $26.64, a few points from the 2020 resistance level at $28.44. All Western Union profits made in 2021 were lost as a result of the price dip to $15.67.

    Weekly Chart

    A bounce from the support level at $15.67 started at the end of 2021. The $WU market closed yesterday at $18.77, which is a 17% rally. Whether price continues to rally or continue the fall is a major concern for the $WU investors. Since the price rallied above $15.67 in the year 2013, which is now the support level, the price is yet to close below it. Towards the end of last year, Western Union announced Devin B. McGranahan as the new Chief Executive Officer after Hikmet Ersek announces retirement at the end of 2021. The new CEO was able to appoint the new Board of Directors. Investors are hopeful that the appointment of the new CEO will bring about growth in the company’s share price.

    Daily Chart

    The Weekly Chart shows price is oversold on the RSI but still maintains the lower region of the Bollinger bands. $WU has a loss of 19% from 2021’s opening price. Nevertheless, the share price of $WU has been ranging since the beginning of this year. The price might drop to $16.16 if issues around sanctions continue among the world powers, as payments may be delayed and the cost of international payments might be increased. Later in the year, the price could appreciate to $25.16.

    Some of these ideas are in our clients’ portfolios. To understand which ones can work for you or for help to invest for your own wealth, talk to our advisors at FM Capital Group. Would you like more information on Investment Advisory, Portfolio Services, and VC? Schedule a meeting with us here.