NewStream Energy Technologies Group Inc (NSGP)

[trader53]

The Head & Shoulders Pattern that has been forming over the last 5-weeks, is continuing to take shape.

.10c is the "Neck Line".

I expect the stock to fall under this neck line only marginally, to a level of .097c, just enough to bring in the buyers, and at the same time cause the weak holders to sell.

Up to this point, the Left-Shoulder and the Head of the H&S pattern have formed, and the Right-Shoulder has formed in my opinion.

http://barchart.com/chart.php?jumpto=1&sym=CCTC&style=technical&p=D&d=L&sd=&ed=&size=M&log=0&t=BAR&v=1&g=1&evnt=1&late=1&o1=&o2=&o3=&indicators=&addindicator=&submitted=1&fpage=&txtDate=&x=29&y=7

http://www.thehotpennystocks.com/Learn-To-Trade/head-and-shoulders-pattern.aspx

http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=3&dy=0&id=p09807848408