FaithMight

Category: Commentary

  • Nvidia Rallies To Previous Resistance Level

    Nvidia Rallies To Previous Resistance Level

    NVIDIA is an American multinational technology company based in California, USA. The company designs graphics processing units. It was founded on the 5th of April, 1993 by Jensen Huang, Curtis Priem, Chris Malachowsky. As of 2022, NVIDIA made a yearly revenue of $26.91 billion. As of that same year, NVIDIA had a staff strength of 22,473.

    Daily Chart

    The lowest value of NVIDIA since August 2020 stands at 108.70, which also stands as the support level of 2022. The year 2022 was not a good year for NVIDIA investors as price opened at $298.12 and closed at $146.03 – a 39% loss. There seems to be relief as price began to rally after a bounce from support in the last quarter of 2022.  2023 opened at $147 and price has rallied to $191.93, a 30.5% increase in about a month. The last time price of $NVDA was at $191.93 was in August 2022, which was the previous resistance level.

    Weekly Chart

    We might be seeing the price of $NVDA reaching $200 per share in the coming weeks.

    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

  • Gold Price Reaches $1900 Since May 2022

    Gold Price Reaches $1900 Since May 2022

    The price of Gold is beginning to appreciate after its price fell from the record high of $2075 per ounce in March 2022. From April 2022 to October 2022, all months closed bearish. The price of Gold reached $1614 in November 2022 which is the lowest price since April 2020. The $1614 price mark stands as the support level for that last 2 years. 

    Monthly Chart

    In November 2022, a bounce from the 2-year support of $1614 occurred as the bulls gained more strength. As a result of the rally that started in the last quarter of 2022, Gold’s price closed for the year 2022 at $1822. The rally continued into 2023 as the price reached a 2023 high at $1928 on the 16th of January.

    Weekly Chart

    The rally could continue in the coming weeks as the resistance level at $2075 might be broken to the upside, which could eventually make Gold’s reach an 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 commodities in your portfolio? Schedule a meeting with us here

  • Madam Trader Podcast: Investing With Lydia Idem

    Madam Trader Podcast: Investing With Lydia Idem

    How can a trader and investor make a difference for small businesses? Investor, investment advisor and VC fund manager Lydia Idem is well acquainted with career pivots. Although she started her career in computer science, she made the switch to forex trading when she was still young and now invests in companies primarily located in Africa that work to solve problems for locals in their region.

    Lydia discusses how her mother was able to set her up for a financial success at a young age, and especially how her mother introduced her to the forex market. She explains why she believes that forex is so perfect for beginner traders and what makes it so accessible, as well as how that instrument fits her personal trading style and how she’s able to apply the lessons she’s learned trading forex to other assets.

    Accessibility has been a driving force throughout Lydia’s career, and not just through trading forex. She explains why investing in other businesses isn’t solely up to venture capital firms – individual investors can be involved as well. Her goal for her own business, FM Capital Group, is to show people how accessible venture capital can be and how to include it as an asset class in their portfolio.

    Lydia Idem is an investor, trader and investment advisor, and is managing director of FM Capital Group and COO of LoftyInc Capital Management. She has been investing in startups for the past 17 years, but has expanded her portfolio into Africa and hopes to make an impact for small businesses around the world. She values accessibility in the markets and, through FM Capital Group, works with angel investors in the African diaspora to fund businesses in both Africa and Latin America.

  • Crypto Assets In Its First Bullish Run in 2023

    Crypto Assets In Its First Bullish Run in 2023

    The year 2022 was a bad year for crypto investors. The crypto market lost over 55% of its capitalisation in 2022. Bitcoin’s opening price in 2022 was $46,200 with a closing price of $16,450, which was approximately 64% loss in a single year. Ethereum’s opening price in 2022 was $3690, with a closing price of $1172, which was a 68% loss. The Binance Coin’s opening price was at $512.2 with a closing price of $246.7, a loss of 51% throughout the 2022 Crypto crash. 

    Bitcoin Chart

    The 2022 crash might not be the end of the bearish trend, though the last few days have shown a bit of hope for crypto investors as crypto assets across many exchanges have appreciated. The rally might be a temporary one as we might see prices of crypto assets reach a 3-year low. The next crypto bearish move could break the lowest price of 2022 to the downside further. When this eventually happens, then the hope investors had as a result of the recent rally would be dashed away.  

    Ethereum 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 cryptocurrencies in your portfolio? Schedule a meeting with us here

  • Andrada Mining Limited, The Stock That Grew 8,650% In A Single Day

    Andrada Mining Limited, The Stock That Grew 8,650% In A Single Day

    Andrada Mining Ltd, formerly AfriTin Mining Limited, is a Guernsey-based mining company. The principal activity of the company and its subsidiaries is mineral exploration and the development of mining and exploration projects in Namibia. The Company’s flagship asset is the Uis Tin Mine in Namibia, which is a hard-rock open cast tin mine. It produces and sells tin concentrate from its Uis Tin Mine. It also holds Namibian exploration licenses, EPL5445 and EPL5670 for the exploration of tin, tantalum and associated minerals. Andrada  Mining Limited acquired the tin assets of Bushveld Minerals Limited (“Bushveld”) in Namibia and South Africa.

    4hr Chart

    Andrada is an OTC stock which was listed in February 2021 at 0.0648 per share. In September 2022, Andrada share price went as low as 0.0008 which is the worst price ever. After this low, there was a sudden rise in the price in January 2023 as price opened at 0.0620. This jump was about 8650% appreciation in share price. The current all-time high of Andrada share price is 0.0998. With this bullish momentum, Andrada share price might rally to a new all-time high in the coming months. On the 4 hr Chart, price of Andrada has been oversold. The next rally to a new all-time high might make price reach an overbought position on the RSI.

    1hr 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&P 500 Bounces From 2022 Support Level

    S&P 500 Bounces From 2022 Support Level

    For about two years, between March 2020 and January 2022, SPX was in a bullish marathon. The support level as of March 2020 was $2210. The rally peaked at $4822 in January 2022. This price stands as the all-time high for the stock index.

    Despite price reaching the all-time high in 2022, last year was a bad year for SPX investors as price went as low as $3488 in October 2022 as a result of the bearish turn. That low was 2022’s support level. 2023 has shown a bit of hope as there has been a bounce from 2022’s close of $3833. SPX opened in 2023 at $3845 and is currently at $3969.

    Daily Chart

    On the daily chart, RSI indicates that price was oversold as of October 2022. This might be the reason for the recent rally. This oversold position may be able to create a bullish force that in the long run can push SPX above the all-time high thereby creating a new all-time high. However, in the short term, we might be seeing price rally above $4200 in the coming weeks.

    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 stock index in your portfolio? Schedule a meeting with us here

  • Bitcoin Hits 4-Week High

    Bitcoin Hits 4-Week High

    2022 was not a good year for Bitcoin investors. The opening price of the year was $46,184 and the year ended at $16,523. This was about a 64% loss in the value of Bitcoin. On the daily chart, Bitcoin experienced lower highs and lower lows. The highest point Bitcoin reached in 2022 was $48,185 which was in March.

    Daily Chart

    Bitcoin opened in 2023 at $16,538. Studying the technicals, it is clear that the price of Bitcoin has been ranging between $15,880 and $21,500 since November 2022. As the year 2023 began, Bitcoin saw a brief rally to $17,400 which stands as the 2023 high, and simultaneously the highest point in 4 weeks. 

    Weekly Chart

    However, looking at the entire year of 2022, Bitcoin is currently experiencing a weak bullish momentum as the bears are still in control of the crypto market. If BTC price tries to rally from the current price of $17,287, it might be counteracted by the aggressive bears and price may fall back to the support level of $16,000.

    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 cryptos your portfolio? Schedule a meeting with us here

  • WTI Oil Price To Reach $100

    WTI Oil Price To Reach $100

    Since both WTI and Brent Crude reached $130 in March 2022, the bears have continued to push price lower. At the end of 2022, price closed at $80.48, a little bit higher than the opening price of the year 2022 which was $75.67. 

    Weekly Chart

    WTI Oil price opened in 2023 at $80.62. A consolidation that had begun in December which continued into the new year. Though RSI on the daily and weekly chart shows that price has been overbought, we might be seeing a price rally in the first quarter of 2023. Our analysts see the bulls pushing WTI Oil price to $100.

    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 commodities your portfolio? Schedule a meeting with us here

  • AMTD Digital Surges by 199% in 24 hours

    AMTD Digital Surges by 199% in 24 hours

    AMTD Digital is a Hong Kong-based financial technology firm founded in 2019. It’s a subsidiary of AMTD Group. It had its IPO in July 2022 on the New York Stock Exchange at $12 per share. In August, just two weeks after the IPO, there was a rally that took price up to $2545 which stands as the all-time high. That price gain was over 212X.

    Daily Chart

    After the all-time high was reached, there was a massive price dump in that same month of August and price went below $100. Since September 2022, price has been below $100. AMTD Digital closed 2022 below IPO at $10.09. It opened on the first trading day of 2023 at that same price. On the 5th of January, there was a gap up and price closed for the day at $29. This rise was an appreciation of 199.50% in one trading day.

    Weekly Chart

    Currently on the daily chart as a result of the price rally, RSI shows price has been overbought. Our analysts think that price might rally to $60 soon.

    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 stock your portfolio? Schedule a meeting with us here

  • Will Alibaba’s Share Price Continue To Rally?

    Will Alibaba’s Share Price Continue To Rally?

    Alibaba had its IPO on the New York Stock Exchange at $94.11 in September 2014. After Alibaba’s share price reached its all-time high at $318.92 in October 2020, the share price began to slump and it reached a 2-year low at $58.26 in September 2022. The last time Alibaba’s share price got this low was in October 2015.

    Weekly Chart

    In November 2022, there was a bounce in share price from the support level. This bounce continued into the new year. The first few trading days of 2023 have been promising for Alibaba investors as price has rallied to $103.92 from the 2022 close of $88.45 which is about 17.4% appreciation in just two trading days.

    Monthly Chart

    From a technical analysis standpoint, this rally could be a temporary one. Price may slump again in the coming weeks as bears are still in control. On the monthly chart, despite the bearish run for about two years, price is yet to be oversold which means price can still fall further. Our analysis shows that Alibaba’s share price might still fall back to the 2-year low at $58.26.

    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 stock your portfolio? Schedule a meeting with us here