NewStream Energy Technologies Group Inc (NSGP)

[trader53]

The approaching 2-events that will be the "Catalysts",

or reasons for the upcoming move to above $.18c, .42c, .74c and then $1.00 plus+++ will be:

"The Fortune Magazine Article" May 10th and,

the May 15, 2010 first quarter (10-Q) report for fiscal year ending December 31, 2010.

CCTC will be bottoming this week, forming a base with the PPS
trading between .097c and .125c all week. This week is the time to be loading up on shares, or adding to current holdings.

Do Not Sell right now !

In just 10-days, or less, the stocks price will be taking off, and you won't want to try and trade this, it's too risky. You may miss the move if the company decides to release a PR suddenly in mid-day.

This has been an 11-week consolidation of the gains from the
1st impulse move of .034c to .42c. It has been a "Channel Trading range". These "Wave #2 correction phases" can last between 1 and 12 weeks. CCTC is approaching its 12th week. The correction is coming to an end.

http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=3&dy=0&id=p00781965468

My 1st target is for .74c (.42c - .10c = .32c, .32c + .42c = .74c)
This is my "Swing Projection" using .42c as the "Pivot", and .10c, the support low, to calculate the move up above .42c.

.74c will be met, I have NO DOUBT, and these moves usually extend themselves to the next level to challenge any resistance levels.

That "Resistance Level" for CCTC is at $1.00. I fully expect to see the stock trade past $1.00, with a possible move to $1.06 to $1.20.