NewStream Energy Technologies Group Inc (NSGP)

[trader53]

Back in the Saddle again!

I bought back in again...and I think the stock looks very good.
Especially since it is holding at .10c

Technically, I believe that the stock can hold here in a narrow range (.10c to .12c ), until next Wednesday March 31st, and will require patience.

I believe that with the CEO's confidence expressed yesterday in his PR statement, along with the upcoming release of the 10K for 2009, CCTC is "setting up" technically for a "breakout", much like that seen in the following chart of VSTNQ. In the chart, you will notice that the stock pattern is much the same as CCTC. It took 7 weeks for VSTNQ to consolidate down from its .15c high to .06c, and then upon the release of its 10K on Feb. 26, it "brokeout" and soared to .95c.

http://stockcharts.com/h-sc/ui?s=VSTNQ&p=D&yr=0&mn=6&dy=0&id=p94322885082

CCTC has been in a consolidation phase as well, coming down from .42c to its present low of .10c and it has taken 6 weeks, so one more week would match the 7 week time frame of VSTNQ, and aline with the March 31st date for the 10K release. Possibly a breakout day for CCTC, and much higher price levels, perhaps $1.00 or even a lot higher.