NewStream Energy Technologies Group Inc (NSGP)

[trader53]

Resistance for CCTC would be....


$1.15, when it breaks thru .42c, .74c and $1.06


$1.20 is possible, when it breaks thru $1.15 resistance from
its $1.15 SUPPORT, in April 2008.

Support levels become Resistance levels when a stock is trending up.

http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=3&mn=0&dy=0&id=p04427790658

http://www.stockta.com/cgi-bin/analysis.pl?symb=CCTC&num1=14&cobrand=&mode=stock

Support/Resistance

Support and resistance represent key junctures where the forces of supply and demand meet.

Support is the price level at which demand is thought to be strong enough to prevent the price from declining further. The logic dictates that as the price declines towards support and gets cheaper, buyers become more inclined to buy and sellers become less inclined to sell. By the time the price reaches the support level, it is believed that demand will overcome supply and prevent the price from falling below support.

One of the most-common and best-known trading strategies is this: "Buy under the support level, and sell above the resistance level."