NewStream Energy Technologies Group Inc (NSGP)

[trader53]

Still maintain that the weekly chart is giving us a very good look into the direction of CCTC, over the next 3-weeks.

Still believe that $1.20 is within reach next week,

and better than $1.20 the following week,
before we see some heavy profit taking come in to drive the stock down better than 50% from the highs gained.

IMHO, CCTC is moving up very well on a momentum basis and the RSI on the weekly chart reflects this.

The RSI should IMO continue to show strength and should move up above 90.

I still have a targets of .74c, $1.20, $2.00, and $2.52

and that it will be a traders paradise, because the stock will make big % moves up and down.

I believe that the move from .10c set on March 23rd, until now at Fridays close of .1690, is the early stage of WAVE #3, and can be thought of as Minor Wave #1, within Major WAVE #3, and that once .18c resistance is broken thru on the upside, CCTC should "Gap" up next week, and make a challenge to going above .42c, a "Impulse Move, or "Thrust", which will carry the stock to a range between .74c, ( .42c - .10c = .32c, .32c + .42c = .74c ) and $1.20, and as high as $2.40 ( a BIG stretch, I know, but possible given the 10 fold move of .03c to .42c in the 1st WAVE. )

http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=3&dy=0&id=p54246907220