NewStream Energy Technologies Group Inc (NSGP)

[trader53]

The Technical Side of CCTC

http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=3&dy=0&id=p10663329229

CCTC bottomed at .034c,
1st wave is an "Impulse wave" up to .42c
which consists of a 5-wave sequence.

( Impulse waves are folled by corrective waves, and can take the form of either an "a,b,c pattern", or a "1,2,3,4,5 pattern" )

This is where CCTC is now.....within the confines of a 7-week corrective pattern that is moving in a narrow range between the levels of .108c, .18c, .10c and .155c. These 4 labeled resistance and support prices represent the range the stock is locked up in, and until the stock registers the next "Impulse move" up.

The corrective pattern has so far shown itself to be an "a,b,c"
pattern, however, that can quickly change to a "1,2,3,4,5" pattern if the stock makes a low under the recent support of .10c

At this point the a,b,c pattern is a=.108c, b=.18c, and c=.10c

A 1,2,3,4,5 pattern would be labeled 1=.108c, 2=.18c, 3=.10c,
4=.155c, and 5 would = any price level under .10c.

In any event, I reaffirm my belief that CCTC will come out of this corrective phase with a huge breakout to the upside that will take it above the previous high of .42c established 7-weeks ago, and my targets for the next move range from .74c to as high as $2.40 on this next move up, which will be the 2nd leg. The 1st leg was .034c to .42c.