Last Chance: Low Float (GSPT) Could Be A Major Bounce Target As Key Technicals Lean Oversold
We've got a lot to go over, so let's get after it.
My most recent profile, LGIQ, showed out on Monday.
After I alerted it on Friday at a close of $3.14, it blazed its way to a high of $3.90 Monday, a level it hadn't seen in almost two months.
That 24% move and its 14% intraday run from an open of $3.41 to Monday's high gives us back-to-back champs.
Oh yeah. Forget what happened last week?
At this past Wednesday's opening bell, I brought to your attention a little known profile with tremendous upside potential that decided to absolutely explode.
This past Wednesday I brought XCPL to your attention at the opening bell and watched it make a 2 day march from $.038 a high of $.365.
Completing a run of approximately 860% overall, XCPL got us feeling groovy.
But that was then. It's time to turn to the future and a new breakout idea.
For Thursday, November 4th, there is only one profile to have at the top of your watch-list:
*Golden Star Enterprises Ltd. (GSPT)*
Golden Star Enterprises Ltd. is a publicly-traded holding and acquisition company interested in taking technology start-ups and growing them to the next level. They actively search for exceptional in-vest-ment opp's in the technology vertical. They leverage management’s extensive experience in the marketplace and tech industry connections to create opp's for companies in their portfolio.
GSPT's Latest Acquisition - Enigmai
Golden Star Enterprises completed the acquisition of Enigmai, an Israeli tech company that specializes in the Workforce Management space, as its new subsidiary. Enigmai was established in 2009 and developed a comprehensive workforce management system that enables large organizations to better manage their employees’ schedules and save money by providing a state-of-the-art management tool.
The Workforce Management (WFM) system is critical to any organization that manages employees’ shifts. It is even more critical since many people work remotely, with employees distributed between various locations including their home office. Enigmai’s offering is holistic as it offers an end-to-end solution that integrates with existing systems used by an organization.
Huge Market Potential
- There are 60,850 contact centers (with over 10 seats) in North America with 3.3 million agent positions
- The North American Contact center industry is valued at $28Bn per annum. 30% of that ($8.4Bn) represents outsourced activity
- Almost one in ten Contact Centers are still using either pen and paper or whiteboards to schedule staff
- 33% of the call centers are generating revenue less than $500Mn
- The five largest call centers in the US employs 40,000-47,000 employees
More than 30% of Medium and Large Companies are Not Happy with their WFM - Significant Market Opp.
Managing Call Centers Made Easy
Providing Better service by assigning the right people with the right skills to the right shifts
- Day-to-Day Management - Ongoing management and adaptations based on real-time data and alerts
- Forecasting - Accurate forecasting based on historical data
- Reporting - Analysis and tracking through clear dashboard and reports
- Employees Engagement - Involving employees in the planning process to increase their engagement
- Scheduling - Creating efficient schedules based on forecast
The Solution - EBS System by Enigmai
AI-Enabled Work Force Management System Providing Top to Bottom Solution for Every Role in the Organization
What makes their solution better:
- Real-Time data analysis - Highlight and Prevent Scheduling Gaps
- Optimizing Manpower Scheduling - Decrease Overtime and Save $
- Smart Alerts - Get Relevant Data and Make the Right Decisions
- Process Manpower Changes & Requests - Allows CSR's to take part in the scheduling process
Enigmai - Top Clients
Isracard - Among largest Credit Card companies in Israel
Clal - One of the largest Insurance companies in Israel
And right now the company has 5 potential catalysts that could fuel it to a breakout near term. Here's what you need to know:
No. 1 GSPT Potential Breakout Catalyst - Low Float
According to the OTC Markets' website, GSPT has a low float.
The website reports this profile to have approximately 5.65Mn shares in its float.
Why is that important? It's important on one crucial level. Volatility.
With so few shares available for trading, other potential catalysts (like big news) could spark a vertical move in the short-term.
No. 2 GSPT Potential Breakout Catalyst - Oversold Leaning Technicals +Possible Healthy Reversal Short Term
As of close on Tuesday, Barchart was reporting this profile to have several oversold leaning technicals.
These technicals could be signaling a healthy reversal in the near term for GSPT.
Here's the definition of a "reversal" from Investopedia:
"A reversal is a change in the price direction of an asset. A reversal can occur to the upside or downside. Following an uptrend, a reversal would be to the downside. Following a downtrend, a reversal would be to the upside. Reversals are based on overall price direction and are not typically based on one or two periods/bars on a chart."
Now, here are some key technicals (as of close Tuesday) that could signal GSPT to be oversold and on the verge of a potential reversal.
- 9-Day Relative Strength Index: 31.44%
- 14-Day Relative Strength Index: 33.03%
When these numbers drop down to the 30% range and lower, they can be viewed as being in oversold territory. While in this territory, they can paint the picture of a profile that is undervalued.
- 14-Day Raw Stochastic: 7.35%
- 14-Day Williams %R: 92.65%
As the Raw Stochastic nears the 10% range and lower and the Williams %R nears the 90% range or higher, these technical indicators may also be viewed as oversold and undervalued.
Keep an eye on these technicals closely.
No. 3 GSPT Potential Breakout Catalyst - Multiple Acquisition
Opportunities Under Review Golden Star Enterprises Ltd. Advances Plans to Acquire Tech Companies
Claymont, Delaware, Oct. 19, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire-- Golden Star Enterprises Ltd. (OTCPink: GSPT), a holding and acquisition company interested in acquiring technology start-ups and taking them to the next level, updates in-vest-ors on near term plans to acquire ownership interests in additional companies operating in the Tech space.
In November 2020, Golden Star Enterprises Ltd. changed its business purpose and determined to focus on the acquisition of promising companies in the Tech sector, helping them to grow and realize their potential.
Our first acquisition was a company operating in the Workforce Management space called Enigmai. Since acquiring Enigmai, the Golden Star team has been working to enhance their product offerings and marketing opportunities, positioning the Company to attract a global customer base, with plans to expand operations and revenue in fiscal 2022.
Mr. Eliav Kling, CEO, stated, “After a year of working with our first target and having developed a focused expansion plan, we are now actively looking for our next opportunity in the Tech space. We have had several acquisition opportunities under review over the past several weeks, all of which offer unique solutions or products needing financing or management expertise to move to the next stage of development. GSPT is positioned to help those companies to take the leap and meet their expansion goals. GSPT management will continue to evaluate acquisition targets over the coming weeks with a goal of finding our next exciting project.”
Read the full article here.
No. 4 GSPT Potential Breakout Catalyst - Company Subsidiary Enigmai Makes Moves
Towards the end of summer, Enigmai has been making moves left and right. Just check it out for yourself:
#1. 10/21/21 - Enigmai, a Wholly-Owned Subsidiary of Golden Star Enterprises Ltd., Investigating the Growing Need for Workforce Management in Hospitals
#2. 10/14/21 - Enigmai, Wholly-Owned Subsidiary of Golden Star Enterprises Ltd., Signs Agreement with US Based Aurora View to Provide Implementation Services, Software Development, Support and IT Consulting Services
#3. 10/7/21 - Enigmai, Wholly-Owned Subsidiary of Golden Star Enterprises Ltd., Signs Pilot Agreement With the City of Tel-Aviv for Testing of the Enigmai Business Suite
#4. 9/24/21 - Enigmai, Wholly-Owned Subsidiary of Golden Star Enterprises Ltd., Reports on Product Roadmap and Market Needs
#5. 9/17/21 - Enigmai, Wholly-Owned Subsidiary of Golden Star Enterprises Ltd., Announces Participation in Bid for Israel’s Largest Health Care Provider
This just makes the prospect of GSPT making another potential acquisition even that much more exciting.
If their next possible subsidiary runs with the ball like Enigmai is at the moment, GSPT could garner serious recognition from Wall Street as a potentially undervalued company.
No. 5 GSPT Potential Breakout Catalyst - Company Aims To Uplist To OTCQB
Golden Star Enterprises Ltd. Provides Progress Report on Fiscal Year End Audit and Plans to Become Fully SEC Reporting
Claymont, Delaware, July 27, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire-- Golden Star Enterprises Ltd., (OTCPink: GSPT) previously announced that it had engaged Pinnacle Accountancy Group of Utah (“Pinnacle”) as its independent auditor.
Today, we are happy to update that the fiscal year-end audit is progressing, and the auditors have received supporting documents for their review.
Mr. Louis Shefsky, President of Golden Star Enterprises Ltd., commented, “This is exciting news for GSPT. We are progressing on schedule and striving to become a fully reporting company very soon. The next step for us will be to up-list to the OTCQB and file a registration statement with the Securities and Exchange Commission (“SEC”).”
Once our audited financial statements and subsequent period review engagements are complete, GSPT will complete the requisite filings with OTCMarkets to obtain a listing on OTCQB. It is the Company’s hope that it will be able to up-list to the OTCQB before the end of the year. Thereafter, the Company intends to complete filings with the SEC to become a fully reporting issuer.
Read the full article here.
Complete GSPT Recap: 5 Potential Catalysts To Know Now
No. 1 - Low Float
No. 2 - Oversold Leaning Technicals + Possible Healthy Reversal Short Term
No. 3 - Multiple Acquisition Opportunities Under Review
No. 4 - Company Subsidiary Enigmai Makes Moves
No. 5 - Company Aims To Uplist To OTCQB
Coverage is officially initiated on GSPT. When you have a second, do this to ensure you'll receive any GSPT updates as quickly as possible: