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July 2022 Forecast Interview

July 2022 Forecast Review

In this article, we will be reviewing the calls we made in July. In the month of July, we made just 4 calls. Our first call was for the Euro-Dollar currency pair. On the 14th of July, we forecasted that EURUSD might bounce to a new resistance at 1.07657. This call is still valid and is currently in progress.

On the 15th of July, we forecasted that stock market index, Dow Jones, would rally to $31,000. This call was accurate. On the 19th of July, we forecasted that Gold’s price will break to the $1676 support level to the downside. The price broke that support level just as we forecasted.

Our last call for the month was for instant messaging app, Snapchat. Our analysts forecasted that Snapchat’s share price would rally above $20. This call missed its target.

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.

June 2022 Forecast Review

June 2022 Forecast Review

In this article, we will be reviewing the calls we made in June. We kicked the month off with a forecast that was spot on which was Halliburton! On the second day of June, we put out a forecast that Halliburton’s share price might drop to $34. This happened exactly as we forecasted. 

On the 6th of June, we forecasted that Davita would rise to $120. This forecast missed. That same week, on the 8th of June, we forecasted that Walmart’s bulls will rally the share price to a new all-time high. Our analysts believe this forecast is still in progress. At the end of that week, on the 10th of April, we forecasted that mobile payment company, Block, will keep falling. This forecast was a hit!

On the 14th of June, we forecasted that NZDUSD will rise from 0.62493 to 0.64613. This was another accurate forecast! So was our forecast two days later on Solana bears staying dominant. On the 20th of June, we forecasted that Bitcoin will rise to $48,000 and Ethereum to $3500. This forecast missed its target.

On the 24th of June, we forecasted that Disney’s share price will fall below the lockdown low of $78.63. We believe this forecast is still in progress. Towards the end of the month, we forecasted that Oil, USDJPY, and e-commerce company Etsy, will fall. The bulls have been strong and those forecasts, as a result, have missed their targets.

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

May 2022 Forecast Review

May 2022 Forecast Review

In this article, we will be reviewing the calls we made in May 2022. Here we go. On May 2, our analysts forecasted that Coinbase share price would rally to $200. Unfortunately, the bulls were not able to gather momentum for a price rally. A week later, on May 9, our analysts stuck to their forecast of the crypto market crash and called Bitcoin to fall to $30,000. This forecast was a hit.

On May 11, our analysts forecasted that Silver would drop to $20 per ounce. This call was accurate. On May 17, we called USDJPY and forecasted that it will dip to 127.500. This was a miss. On May 19, we forecasted that Tesla might drop to $600 and it did. On May 23, we forecasted that EURUSD will drop below 1.0470. This was a hit too.

On May 26, we saw FTSE 100 breaking to a new all-time high but this target has not yet hit as it still is in progress. A few days later on May 30, we forecasted that Coca-Cola share price will fall further if it manages to break the $60 mark to the downside. This call was spot on! 

On that same day, we forecasted that the share price of Clean Energy Tech company, Sunrun, might rally to $40. This nearly hit the target as price reached $39 before retracing. We believe it is still in progress. Our last call for the month of May 2022 was the NZDUSD currency pair. We forecasted that it might fall below 0.64271. This call was accurate. Altogether, this was a 60% accuracy on our calls.

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 2022 Forecast Review

April 2022 Forecast Review

In this article, we will be reviewing the forecasts we made in the month of April 2022. We forecasted on the 29th of April that Dogecoin will not rally anytime soon. The crypto asset has since been bearish. That forecast was accurate.

On the stocks front, we forecasted on the 11th of April that P&G share price will break the resistance at the time to reach a new all-time high. That forecast is in progress. On the 28th of April, we forecasted that the Dow Jones’ bulls might rally the share price to $35,000. Our technical indicators show there is a high probability that the stock market index will still rally to the forecasted target.

At other times during the month of April, we made forecasts on Etsy, Meta, Nike, Delta Airlines, and Netflix. These forecasts missed their respective targets.

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 crypto-currencies in your portfolio? Schedule a meeting with us here.

March 2022 Forecast Review

March 2022 Forecast Review

In this article, we will be reviewing the forecasts we made in the month of March 2022. We began the month with a forecast on Etsy, and then in the following week, we made a forecast on EURUSD, Netflix, and ExxonMobil. These targets missed, largely due to the bearish downturn of markets globally.

We later made forecasts on currencies. On March 15, we forecasted that GBPUSD will rise to 1.34298. The following week, we made forecasts on EURUSD and NZDUSD. We forecasted that EURUSD and NZDUSD would dip to 1.08236 and 0.67374 respectively. These forecasts hit their targets while GBPUSD didn’t hit.

We forecasted that Apple and AirBnB share price would rally. These forecasts didn’t hit the target. Tomorrow, we’ll look at the forecasts we made in April 2022.

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

February 2022 Forecast Review

February 2022 Forecast Review

In this article, we will be reviewing our forecasts for the month of February 2022. Here we go.

On the 1st of February, we forecasted that stock market index SPX would rise to $4805.68. This forecast was a Miss as the index has been bearish. This bearish wave also made a strong impact on Meta and Lyft which we forecasted would both rally to $381 and $55 respectively. The two forecasts missed as well.

On the 14th of February, we forecasted that USDCAD would fall to 1.24754. This was a Hit! In that same week, we forecasted that cloud computing services provider, Fastly, would rally. Fastly share price eventually didn’t rally.

The following week on the 23rd of February, we forecasted that Gold would rally to $1912. On the 27th, we also forecasted that plant-based meat provider, Beyond Meat would rally to $154. Gold was a Hit but Beyond Meat didn’t hit the target.

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

January 2022 Forecast Review

January 2022 Forecast Review

On January 3, we forecasted that the share price of The Chinese Evergrande might rise to $20. This call was a Miss.

On January 5, we forecasted that Apple share price might drop to $149.07. This call was a Hit. On the same day, we forecasted that S&P 500 would continue its rally. This call was a Miss.

On January 7, we forecasted that WTI Oil to drop to $67.50. This call is in Progress. On January 13, we forecasted that Microsoft share price will rally to $341.48. This call was a Miss. On this same day, we forecasted that Coca-Cola’s share price will drop to $53.90. Price dipped to $54 which means it was a Close Call.

On January 17, we forecasted that Virgin Galactic’s share price would rally to $43.49. This call was a Miss. On January 20, we forecasted that Western Union’s share price would drop to $16.16. This call was a Hit.

Prometheus Biosciences: The Stock That Rose 165% In 24 hours

Prometheus Biosciences: The Stock that rose 165% in 24 hours

Prometheus Biosciences is an innovative biotech firm aiming to develop novel therapeutic and companion diagnostic product candidates for the treatment of immune-mediated diseases.

Prometheus ($RXDX on NASDAQ) had its IPO on March 12, 2021, at $25 per share. $RXDX has a market cap of $2.01Billion and generates $3.13Million in revenue annually. On Wednesday, the 7th of December, the company released a result of treatment in the development for ulcerative colitis (UC) and Crohn’s disease (CD). The result from this study showed it was effective as a treatment and safe for use.

Weekly Chart

On the 6th of December, $RXDX closed at $35.32 per share. By the opening of the following trading day, there was a gap up as a result of the release of the aforementioned report. This gap up made price open at $105.20 which was over 200% appreciation of the stock as of the time price opened on the 7th of December.

Daily Chart

That same day, price kept rallying to about $112 before it reversed. At the end of the trading day, price closed at $95.80. We might be seeing a price fall to $64 in the coming weeks. In September, RSI indicated price was overbought on the weekly time frame. Right now, RSI is also indicating on the weekly time frame that price is overbought due to this recent 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

Gold Reclaims $1800 Psychological Level

Gold reclaims $1800 psychological level

The opening price of Gold in 2022 was $1828.01. Despite the rally in January, the month ended on a bearish note at $1796. February and March were much more bullish as price hit $2070 which was last reached in August 2020.

Weekly Chart

The bears took control as Q2 began and from April to October, all monthly candlesticks closed bearish. This bearish run made price hit $1616 which stands as the support level for the last two years i.e. 2021 and 2022.

Analyzing November and the first few days of this month, there seems to be some hope for Gold. In November, price bounced from the year’s support of $1616 as November closed at $1768. This bullish run has continued as price touched $1800 on December 1, 2022. 

Daily Chart

Currently, price has reached a new month’s high at $1809. Our analysts do not see the bears taking over and that means by December 31, 2022, the price of Gold should still be above $1800 psychological level. RSI indicates on the daily time frame that price is overbought however, this might not translate to a price reversal 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 commodities in your portfolio? Schedule a meeting with us here

Are Udemy Investors Caught In A Bear Trap?

Are Udemy investors caught in a Bear Trap?

Udemy is a massive American open online course provider. It was founded in 2010 and by April 2021, the platform had recorded more than 40million students, 155,000 courses and 70,000 instructors in over 65 languages. As of 2022, Udemy has over 52milion users. Between 2011 and 2020, Udemy made some series of fund raising. The last funding before the IPO in 2021 was for $50million at $3.2billion valuation led by Tencent Holdings.

Weekly Chart

On October 29, 2021, Udemy held their IPO with a price of $27 per share. Price of $UDMY rallied only for a few weeks from its IPO to reach an all-time high at $32.68 on the 19th of November 2021. The next trading day after the all-time high was reached, the bears took full control and price began to dip and closed below the IPO price even before the end of November 2021.

Monthly Chart

The opening price of this year was at $19.51. as price, it has also been a year of low volatility, though the first four months closed bearish. The price of $UDMY in 2022 has been between $19.84 in January, which is the highest price level in the year and  $9.47 in July, which also stands as the all-time low. Udemy share price right now is at $14.24 and we might be seeing a price fall to $11.79 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