FaithMight - Page 17 of 78 - Market commentary and analysis insights. Brought to by FM Capital Group.

June 27, 2022June 29, 2022

Oil Price Loses Over $5 In A Day

In March 2022, price of WTI rose to $130.37 per barrel, making it the highest price of crude oil in 14 years. Ever since then, the year’s resistance was maintained at that level. The all-time high of crude oil price was reached at $147.40 per barrel in June 2008. During the global lockdown in April 2020, there was an historical price fall. The price of crude oil went as low as negative price, as WTI was at -$40. The price closed on the 20th of April 2020 at -$37.51, as there was little or no demand for crude oil globally. The next day after this historical fall, price was back to double-digits.

The most part of Q2 2022, shows price has been over $100 most of the time. Some analysts have concluded that world might see a recession soon. Commodity prices globally might fall if the recession becomes a reality. As investors have concerns about the likelihood of a recession, and the Biden administration is prepared to step up its fight against lofty pump prices by calling a tax holiday on gasoline. The WTI fell to 104.40 from $109.74. As it stands, the oil price is headed to the first monthly loss since November 2021. If this fall persists, the oil price might fall to $62.63 per barrel which was the December 2021 support level. On the daily chart, between January and February 2021, RSI showed at three different occasions where price of crude oil has been overbought.

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

June 24, 2022June 24, 2022

Disney Share Price Heads Back To Lockdown’s Low

Like many other stocks, Disney share price fell to $78.63 in March 2020 as a result of the global lockdown. Prior to the fall in 2020, Disney’s all-time high was at $154.84. The ease of lockdown led to the rally that pushed the price of Disney all the way up to $203.12 in March 2021. This price currently stands as the all-time high.

After the all-time high, the share price was caught in a range on the weekly chart. The range began at the end of March 2021 and stretched to the first week of November 2021. The share price broke out of the range to the downside in the second week of November 2021. The breakout has led to a continuous downward slope in price as price as of June 23, 2022 is at $94.30, which is over a 50% loss from the all-time high.

We can say Disney’s share price is currently in the region it was during the lockdown. Recent reports claim Disney’s share price dip is partly due to their insistence in inserting Queer ideology into its children movies which people see as “child-grooming” and therefore, reprehensible. Indications on RSI shows that price is currently oversold on the weekly time frame. Our analysts see Disney’s share price fall below the Lockdown low of $78.63.

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 20, 2022June 20, 2022

Crypto Bulls To Resume Activities

In one of our articles written in Q4 2021 when the price of Bitcoin was at $58,229 and Ethereum at $4,200, we talked about price of Bitcoin to fall to $29,000. On the 10th of May, 2022, Bitcoin reached $29000, which was spot on. Many of the bulls have been liquidated due to the recent price fall. With the price fall of Bitcoin to $20,000, the gap up in December 2020 and January 2021 has been filled.

Our forecast currently shows crypto bulls are about to resume activities, as we might be seeing a rally in the coming weeks. Price of Bitcoin might be back to $48,000 and Ethereum to $3,500. This could be a sign of relief for investors after crypto has lost $1.1trillion in market capitalization in the last 80 days, the fastest and largest known loss in its history. Buying Bitcoin $48,000 and buying Ethereum above $3500 might be a bull trap. We might be seeing Bitcoin at a 4-digit value and Ethereum at a 2-digit value after prices reach $48,000. Are investors prepared to see price of Bitcoin at $4,000 and Ethereum at $90? Time will tell.

Yes, the market is about to favour the bulls, as a strong support is reached at $20,000 for bitcoin and Ethereum at $1,000. RSI on the weekly chart shows price has been oversold. There are some dojis formed in May and the first week in June, which is a sign of price reversal. Currently we still have price in the lower region of the Bollinger bands, as price is consolidating.

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

June 16, 2022June 16, 2022

Solana Falls Below $30

The cryptocurrency space has suffered a setback in recent times as most crypto assets have dipped in price. This has led to the funds of many investors and traders being wiped out. The hope of price recovery keeps dashing out as price continue to fall.

Solana is the 9th biggest cryptocurrency in the world by market cap, which stands at over $10.7billion. On the 13th of May, 2022, according to this article, Solana was at $52. Our analysts envisaged a continuous fall in price. On the 14th of June, price dipped to $25. The last time Solana price was at $25 was in July 2021, that’s about a year ago. Note that Solana reached an all-time high at $259 in November 2021.

The daily chart shows that the price of Solana has been oversold twice between May and June 2022 on the RSI. The NFT world has also suffered alongside this crypto crash. The value of all Ethereum and Solana-based projects have dropped across all boards. There are currently no indications of a price rally. The price of Solana is currently ranging, though the current price is at $31.395.

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

June 14, 2022June 14, 2022

Tides To Turn In Favor Of The New Zealand Dollar

On May 31 2022, we published an article that the NZDUSD bears will stay dominant. This turned out to be the case and furthermore, the forecast we made was hit a few days ago. Across the board, the USD has gained against all major currencies.

The support level of the year for NZDUSD is around 0.62205 and price fell this month to 0.62370 which is only a few pips above the support level. On the 4-Hour time frame, price is currently oversold. Also on the 4-Hour time frame, there are 5 dojis already formed which could be an indication of a possible reversal.

For the past two weeks, all candlesticks on the daily chart have closed bearish. We hope that in the next few days, as consolidation comes up, price could rally and a trend could begin in favor of the NZD. We look forward to NZDUSD appreciating to 0.64613 from its current price of 0.62493.

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 10, 2022June 10, 2022

Block, Formerly Square, Loses More Than 50% Of Its Value In 2022

Since the price of Block reached its all-time high in August 2021 at $289.05, the bears have aggressively taken over the market. The monthly chart of $SQ throughout the year 2021 showed a ranging market. The price at the beginning of Q4 2021 was at $255.88. Q1 2022 began at $162.87, that’s about $100 loss in the space of one quarter. We wrote an article in December 2021 of a continued bearish trend of $SQ. At the time the article was written, price of $SQ was at $192.15. The price of Block as of 9th of June 2022 closed at $76.58.

Will the price of $SQ fall to the 2020 lockdown lowest price at $34.28? The company has lost 9.64% in the last 24hrs, lost 7.85% in the last 7 days and in the last one year, it has lost 63.57%. The market cap of the company is currently at $44.45billion. There are still no hopes of price rallying soon as price might still continue to range or fall further in the coming months. Investors have no choice at this time but to be patient as the effect of the newly introduced blockchain technology to $SQ could make the price rally in the second half of 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

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.

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 8, 2022June 8, 2022

Walmart Share Price Falls to A Two-Year Low

The American multinational retail company reached an all-time high at $161.03 in April 2022. This point was reached after price ranged from the latter part of 2021 to March 2022. Following the range, price broke out and headed for the aforementioned point that became the all-time high.

The month of May 2022 ended bearish after the price opened at $154.82 and closed at $128.38. The month of June 2022 has begun on a bearish note but $5 has been lost from the opening price of the month of June 2022 which was at $154.82. In May 2022, the price fell to as low as $117.05. Price last hit this point in July 2020.

RSI showed in Q4 2020 that price has been overbought. The trendline is yet to be broken despite the corrections. The 4-Hr Chart shows there was a gap down in the price of Walmart mid-May 2022. This gap down might close up and it could be an opportunity for the Walmart bulls to push price higher from the current price of $123.30. We might see price reach a new all-time high 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

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

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 6, 2022June 6, 2022

Kidney Dialysis Firm, Davita, Loses 2022 Gains

Davita is a US healthcare service provider with a focus on kidney dialysis services. Davita has over 2800 outpatient dialysis centers in the United States which serves over 200,000 patients. They also have 321 outpatient dialysis centers in 10 other countries serving 3200 patients.

Davita was founded in 1979 and it got listed on the New York Stock Exchange in 1995 at $3.50 IPO price. Price rallied for a few years after the IPO but in the year 2000, price fell to $0.72 per share which is Davita’s worst share price ever since it launched on the NYSE. Since then, Davita’s share price has rallied to an all-time high at $136.62 in August 2021. This is over 100X of the lowest ever price.

When price reached an all-time high, RSI also showed that price had been overbought on the monthly time frame. Price fell shortly afterwards to $94.34 in November 2021. The opening price of Davita at the start of the year 2022 was $114.10. Price rallied to the current year’s high at $124.85. However, the bears are back in action as Davita’s share price closed below $100 at the end of May.

As price consolidates in the next few weeks, we might be seeing a price rally above $100. Our analysts are seeing the price of Davita rise to $120 in the coming months. The recent news of Davita’s partnership with Medtronic to form a new kidney tech company worth about $200million could also trigger a rally from a fundamental analysis standpoint. We’ll see!

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