KINGS WATCHLIST 9.6.18

GEMP: Very nice move today with high volume. Shorts have been squeezed and it is now in gap fill territory (broke key 1.93 resistance). Short term support at 2.13 then 1.90-2.00. Idea over 2.5 for a squeeze near 3 or dip buy at around 2. No news supporting this movement so be very cautious. Nonetheless, a lot of eyes will be on this tomorrow!

SHARES FLOAT: 8.03M ; SHARES SHORT: 12.51% ; BOOK/CASH PER SHARE: 1.06, 1.89

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SDPI: Closed above key resistance point (2.30) with high volume. No recent news supporting this movement but this should be on high watch for continuation. Idea near 2.3 or over 2.4. 2.30 is major support and VWAP. Next resistance to look out for is 2.60 then 2.72. Once 2.72 clears this will break a 3 year high. This is an oil stock so perhaps this can start a trend. OSX is currently at a double bottom (135) so watch GBR, PED, SAEX, YUMA, and CEI.  

SHARES FLOAT: 11.02M ; SHARES SHORT: .68% ; BOOK/CASH PER SHARE: .64, .13

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SAUC: A sleeper pick. Caught my attention when it broke the key 1.20 wall (Over 40k shares were bought). Something could be brewing here. Next resistance to watch out for is the 200 EMA/SMA (1.34/1.35). Above Ichimoku clouds and CMF buying pressure. Idea near 1.20 or over 1.35.

SHARES FLOAT: 19.65M ; SHARES SHORT: 1.31% 

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WSTL: Very beautiful technical chart. Pennant is being formed. CMF buying pressure and gap fill to 3.15. Great swing idea. Above most moving averages, next moving averages it will have to break are 200 EMA (3.00) and 200 SMA (3.21). Idea over 2.90 or near 2.80 support. 

SHARES FLOAT: 10.67M ; SHARES SHORT: .23% ; Book/Cash PER SHARE: 3.36, 1.68

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CVM: Huge sell off towards end of day but hit a high of 4.44. Based on today’s volume this most likely will have a bounce tomorrow. 3-3.12 support and could scalp this to 3.6-4.00 area. Use 200 EMA on the 5 minute as support. Respect your stop loss because this stock is overbought. A great scalp idea. 

SHARES FLOAT: 21.95M ; SHARES SHORT: ~.05%

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ABAC: Made a crazy move to 3.2 in the morning then sold off all day. No news to justify this news but watch for a bounce tomorrow. Idea near 2 with a tight SL or over 2.15. This company has a really high book and cash value. This stock could be a sleeper pick because it is trading below its value. 

SHARES FLOAT: 3.95M ; SHARES SHORT: .14% ; BOOK/CASH PER SHARE: 11.16, 7.64

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