NewStream Energy Technologies Group Inc (NSGP)

[trader53]

Quite possible we'll see .097c touched, on an intra-day low next week.

I have said in pror posts that .096c ( see below chart )

http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=3&dy=0&id=p34873806158

...met with resistance on February 4th, and that that could become a support level that could be tested, before the stock resumes its rise to above .42c, which I am confident it will reach in the next 2-weeks, on its way toward $2.40

The corrective phase the stock has been locked in for the last 7-weeks has taken on the shape of a "descending triangle", in thus far, an "a,b,c " correction, the "a" being .108c, the "b" being
.18c, and the "c" being .10c , labeled as such on the chart above.

So far, this a,b,c coreection has formed a "double bottom", however, some corrective patterns take on the 1,2,3,4,5 corrective pattern and a test of .096c would fit that pattern.

These descriptions all fall under "Elliott Wave Theory" if you'd like to check that out for yourselves.( see link below )

http://www.acrotec.com/ewt.htm