@theidentityengineer, Author at FaithMight

June 29, 2022June 29, 2022

ETSY Loses More Than 8% In One Day

Since the all-time high of Etsy was reached in November 2021 at $309.06, price has continued to dwindle as it has lost over 75% of its all-time high. The price of Etsy at the beginning of 2022 was at $222. Etsy has not recorded any profits this year as price has kept falling from the opening price of the year.

Etsy’s share price is currently at $74.04 and the current support level sits at $66.98. Earlier in the year, precisely between February and April, there was a range in price between $113 and $164. The price broke out late in April which led the price to reach its current support level in mid-June 2022. This support level was last reached in May 2020.

On the daily, weekly, and monthly charts, there are no indicators of price being oversold on the RSI. Could this be an indication of a possible continued downward run of Etsy’s share price keeping in mind that on the 28th of June, 2022, the price opened at $79.11 and closed at $74.04 which was an 8% loss in just a single day? On another hand, candlesticks on the daily time frame indicate that price has been consolidating. From our analysis, we see the bears continuing to push the price lower despite the consolidation.

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

June 9, 2022June 9, 2022

ON AIR with F.A.C.E

In this episode with Dale Pinkert, our MD, Lydia Idem review GBPUSD, SPX, GBPJPY, EURGBP and other currencies. They discuss the trends and forecast their movements in the coming weeks/months.

June 8, 2022June 10, 2022

UNCHARTED Podcast: Episode 5

In this episode of UNCHARTED Podcast, our analysts Lydia Idem and Temidayo Mabinuola both reviewed and made forecasts on the following assets:

S&P 500
Nike
Coinbase
Tesla
Boeing
Dow Jones

https://www.youtube.com/watch?v=JzTAsSa5gx8

May 30, 2022May 30, 2022

Sunrun Rallies After Hitting Lowest Point Of The Year

Sunrun is an American provider of residential solar panels and home batteries out of San Francisco, California. It was founded in 2007. The firm was able to raise $12million in venture capital funding in June 2008. In 2009, Sunrun closed a Series B funding of $18million. They have had other sources of funds after the Series B.

In 2015, Sunrun went public on NASDAQ at $14 per share with an initial market cap of $1.36billion. Sunrun’s annual revenue as of 2020 was $92million. The lowest point Sunrun’s share price was in the year 2020 was at $7.83. This happened in March 2020. The price dropped to this lowest point from $23.58, where it was just a month before that i.e. February 2020. This was about a 67% loss in its value.

Price jumped dramatically from the then-lowest price of $7.83 in March 2020 to the 2020 high of $82.67 in September 2020. This is about 11X of the lowest price in just 6 months. After this extraordinary rally, the price closed at the end of 2020 at $69.39. There was a temporary rally in 2021 as the price of Sunrun in January 2021 hit $100 for the first time in its history-making it an all-time high.

Ever since this threshold was reached, Sunrun has been on a losing streak. The lowest price of Sunrun this year was reached in the second week of May 2022 at $16.82. Price, however, has been consolidating since mid-April on the weekly chart, and it rallied up from the lowest price to $26 where it currently is. We might be seeing the rally continuing and the price reaching $40 and even more in the coming months.

May 6, 2022May 9, 2022

UNCHARTED Podcast: Episode 4

CRYPTOCURRENCY: An overview of the Crypto market

CRYPTOCURRENCY: Analysis of Bitcoin & Ethereum

In this podcast episode, we did a general review of markets. First, we extensively discussed Cryptocurrencies. We looked into Bitcoin and Ethereum and the recent stagnation. We also did a forecast of the direction that these major Cryptos may move in the coming months. We touched on Solana and the impact Bitcoin has on all cryptocurrencies. Here’s a forecast on Bitcoin we made some months back.

CURRENCIES: The Impressive Run of the US Dollar and how Risk-Aversion is contributing to it

CURRENCIES: Depreciation of world currencies and their reliance on the USD

CURRENCIES: US Dollar as a Safe Haven, GBPUSD, & NZDUSD

CURRENCIES: Possible causes for USD rise and Inflation

CURRENCIES: US Economic Strength and quarter-over-quarter GDP growth

CURRENCIES: Recession Fears & USDJPY

We also took a dive into the world of Currencies, specifically the United States Dollar. The Dollar has been dominating the world of currencies. Despite inflation rates being sky high, the Dollar seems to be doing relatively well when compared with other major currencies. We also discussed the Central Banks and their reactions to the inflation their respective countries face.

COMMODITIES: An overview of Gold & Silver

COMMODITIES: USD vs Gold, which is the Safe Haven of Choice?

We closed this episode on Commodities. During times of crisis, it is expected that people will hedge their funds in Precious Metals but this isn’t what we are seeing. Investors are hedging their funds in USD and investors from emerging markets also see USD as a safe haven as opposed to Gold and Silver.

April 1, 2022April 1, 2022

MARCH RECAP: Reviewing Forecasts, the Current Situation, and the Validity of the Calls

ETSY
On 01/03/2022, we forecasted that Etsy will appreciate 100 points. Throughout March, Etsy’s share price has been ranging between $117 and $164. On a longer timeframe, this represents a consolidation that could lead to a bullish breakout as we have analyzed. Etsy is still in the range but the breakout is still to be expected.

EURUSD
On 07/03/2022, our analysts forecasted that EUR will gain against the USD. The expected target is 1.12062 which is a gain of 310 pips from the price it was on the day it was called. Since the call, the pair has hit 1.11854 which is about 289 pips gain. Price has corrected but the bullish trend hasn’t lost steam and the forecasted target is still in position.

COMMODITIES
In March, Gold, Silver, and Oil saw a bullish rally that was largely due to the Russia-Ukraine conflict. We forecasted that the rally will not last and will eventually fall. Two days after our forecast Gold fell from $2070 to $1928. Silver fell from $25.555 to $24.650. Oil also fell from $119 to $100, where it currently is.

NETFLIX
On 09/03/2022 Our analysts made a forecast that Netflix will hit $615. Netflix was at $341 when we made the forecast. Netflix’s share price is currently at $374 and the call is still valid.

EXXONMOBIL
On 11/03/2022, ExxonMobil’s share price was $84. We forecasted a dip to $60. It is currently $82. Currently, the price is caught up in a range but this would not hinder the price from staying on course towards the forecast.

GBPUSD
On 15/03/2022, we forecasted a rise in GBPUSD from 1.30642 to 1.34298. It rose to 1.32984 which is more than a 50% gain. The price has corrected but the bullish trend is expected to continue.

NZDUSD
On 24/03/2022, we forecasted that NZDUSD will drop from its position on the day of the forecast at 0.69559 downwards to 0.67374. Since the forecast, the pair has dipped to 0.68723 which is more than 83 pips. The price has retraced but the bears are still in action and the call remains valid.

APPLE
On 28/03/2022, we made a forecast that Apple’s share price will rise above the previous all-time high of $182.93. Although this call is in its nascent stages, the price rallied to $179 from $174. Despite corrections, this bullish rally is still in play, and therefore, this call remains valid.

AIRBNB
On 30/03/2022, AirBnB’s share price was $175. We made a forecast that the share price will hit $192. The share price for the online marketplace for rentals & lodgings is currently falling but this is a minor retracement. The call is barely 48 hours and we look forward to the price heading in the direction of the forecast.

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

March 15, 2022March 15, 2022

UNCHARTED Podcast: Episode 3

Part 1

Part 2

part 3

part 4

part 5

part 6

In this episode, we reviewed last week’s market activities and the possible causes of the trends. From a fundamental analysis standpoint, the war between Russia and Ukraine is the news that’s having the biggest impact on the markets worldwide. The commodities market is seeing surges as a result of this news and investors seem to prefer USD over Crypto as a safe haven to protect the value of their money.

Here are highlights of the podcast:

Stock markets are majorly bearish as geopolitical tensions make markets unstable. Price could rally following ceasefire between Russia and Ukraine
The cryptocurrency market is down, with Bitcoin trading below $45,500 since the beginning of March. Bullish momentum has dropped for the cryptocurrency market so, price may not rally for the next couple of months. More on Bitcoin here
Commodities market are seeing a bullish rally. Read more here
Currencies: USD has been gaining against GBP since the last week of February. EUR appreciated against USD at the beginning of the second week of March but USD recovered towards the end of the week. More on EURUSD here
USDJPY & USDCHF were both bullish throughout the week. Although USD gained against CAD, CAD fought back and also gained against the USD towards the end of the week. See our forecast on USDCAD here
Russia sanctions, impact on its Oligarchs, and ties with China
Forecast on GBPUSD

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.

February 15, 2022February 15, 2022

UNCHARTED Podcast: Episode 2

Part 1: Intro & Market Review

Part 2: USD and the impact of Inflation

Part 3: Market Movements and Forecasts

In this episode, we review the movements of the markets in the past week. We look into the possible causes of these movements and if these causes will linger on into this new week and further into the weeks to come. For instance, the sky-high inflation rates in the United States could have an even stronger impact on the U.S. dollar in the next couple of weeks than it’s having right now.

Here’s an outline of all we discussed:

Cryptocurrency market and the possible bull traps

Bitcoin dipping to $29,000. Read more here.

Forces moving the commodities market

How bears may overcome bulls in the Crude Oil market. Read more here.

USD and the impact of Inflation

S&P 500. Read more here

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.

January 28, 2022January 28, 2022

ON THE AIR with Dantes Outlook Podcast

On this podcast, MD of FM Capital Group, Lydia Idem, was interviewed by Damanick Dantes, host of Dantes Outlook. She spoke on how she got into the Financial Services world and how FM Capital Group came to be and the services it offers. She also shared some insights on venture capital investing and the emerging markets in Africa and Latin America.

Part 1

Part 2

If you prefer to listen to the full interview on Dantes Outlook platform, click here.

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