This is the third consecutive week that I cannot find any potential superstock to blog on. Will we see a prolonged superstock drought? I do ...

Weekly Superstock Scan 14 May 2018 - 18 May 2018: Nil

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This is the third consecutive week that I cannot find any potential superstock to blog on. Will we see a prolonged superstock drought? I do not know the answer but based on the scans this week, I would think it is unlikely and we should see the next potential superstock coming out really soon.



After the technical scan this week, I would have thought that we will see more than one potential superstock this week. A total of 9 stocks passed the technical scans - 8 from the US and 1 from Singapore, which is a high number by any week's standard. They are CMFN, CRHM, DF, EMMS, GDP, MCBC, NGVC, PRPH from US and Yoma from Singapore. All except MCBC passed the fundamental screen. However, there is a no catalyst for the spike in price and it is in the financial sector which is not a sector that produces superstocks.

That is it for this week. While I cannot find potential superstock for the past few weeks, I have been keeping myself busy by studying Al Brook's books on price action. I am seeing potential on how bar by bar price actions can gel in with my long term superstock investment as well as my crypto trading. Ideally this will help me manage my trade better.


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