I'm Brandon, a senior stockbroker at a local securities firm and also a professional trainer with Singapore Exchange (SGX) Academy. Holder of Chartered Market Technician (CMT) and Certified Financial Technician (CFTe) with over 10 years experience in the financial industry.

This blog aims to share how private traders can forecast price and trade in line with the market and smart money by applying Wyckoff principles and simple technical analysis techniques.

Wednesday, 17 April 2019

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.