Wells Fargo (WFC) Trade Review

Trade Review: Wells Fargo (WFC)
Stock traded as forecast from US$49.82 to low of US$45.66 (+8.35%). Despite an excess during the trade duration, stock traded towards our target price.

But what we learn from this trade is that stocks has a bearish tendency if it's relative strength (RS) is weaker than market (Yellow Line = S&P500).

Thus, if we are identifying stocks to trade on the long side, selecting a stock with positive RS will be one of the important criteria.

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