This week, there is no potential superstock of the week. During the technical scan, there were very few stocks that passed the technical scr...

Weekly Superstock Scan 5 Feb - 9 Feb 2018: Nil

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This week, there is no potential superstock of the week. During the technical scan, there were very few stocks that passed the technical screen, i.e. having a strong breakout. On the other hand, I am seeing quite a number of companies with strong breakdown, with many of them breaking below their 10 MA. Is it a sign of the market turning?



This week, the US stocks that passed the technical scans were OFG and SCKT. OFG did have consecutive quarters of EPS growth. However, it does not have any strong catalyst for further growth and the banking sector is not a sector that produces superstock usually.

On the Singapore front, JB Foods passed the technical screen but once again there is a lack of catalyst for further growth of the stock.


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