NewStream Energy Technologies Group Inc (NSGP)

[trader53]

My favorite comparison. Look at both closely!

The following are "Weekly" charts.

http://stockcharts.com/h-sc/ui?s=AGEN&p=W&yr=0&mn=6&dy=0&id=p89076765520

http://stockcharts.com/h-sc/ui?s=CCTC&p=W&yr=0&mn=6&dy=0&id=p15285755839

Notice the following:
1. The RSI at the top of the chart.
I want to BUY a stock when the RSI is under "10" %.
2. The 3- Moving Averages.
I want to BUY, when the price is under the 9-day M.A.,
when the 9-day, is under the 18-day, which is under the
50-day.
3. The Technical Pattern.
I want to BUY, when I see a "Bullish Pattern".
The "Bull Flag Formation" is a continuation pattern which
can be 1-to-12 weeks long, but can last longer than that.
It can unfold in several ways, but a common way is the A,B,C
corrective pattern, whereby there are several lowere lows
within the channel.
4. The MACD (Moving Average Convergence Divergence).
I look for a "Divergence", which is where the "price" and
the "MACD", are moving in opposite directions ( price moving
down, while the MACD line is trending up.
5. The Full Stochastic.
I want to see the Full Stochastic trending upward, while
the "price" is falling, just like the "MACD", a "Divergence",
moving in opposite directions.

Both of these stocks formed in like manner, meeting all of the criteria I look for and have outlined above. Both have formed
Wave 1 and Wave 2. AGEN has formed Wave 3. CCTC is getting ready to move up to Wave 3.

My target for AGEN was for $1.70, a "Swing Target" I arrived at by taking the difference from the "Flag Pole" "Impulse Move"
high of $1.20 on Jan.11th, and the "Flag" low of 0.70c on April 1st, which is 0.50c, and then adding the 0.50c differnece to the high of $1.20. The actual price stopped at the high of $1.72 on
April 12th.

My target for CCTC is for 0.75c, a "Swing Target" I arrive at by taking the difference from the "Flag Pole" Impulse Move" high of
0.42c on Feb.16th, and the "Flag" low of 0.088c on May 14th, which is 0.332c, and then adding the 0.332c difference to the high of 0.42c. This is a minimum price target, as $1.00 to $1.15 is "resistance", and the stock could extend its move beyond the 0.75c target I am expecting.

http://www.optionsoutlet.com/trading_technicals/images/improv32.gif

"Divergence"
http://www.stock-charts-made-easy.com/images/RSI_Bullish_20041025_HB.png

http://www.babypips.com/images/elliott-wave/5%20wave%20color.gif

http://www.istockanalyst.com/article/viewarticle/articleid/1075360

http://www.stockstoshop.com/flagsandpennants.htm

http://www.ensignsoftware.net/images/20-4.gif

Wave 1
The stock makes its initial move upwards. This is usually caused by a relatively small number of people that all of the sudden (for a variety of reasons real or imagined) feel that the price of the stock is cheap so it’s a perfect time to buy. This causes the price to rise.

Wave 2
At this point enough people who were in the original wave consider the stock overvalued and take profits. This causes the stock to go down. However, the stock will not make it to its previous lows before the stock is considered a bargain again.

Wave 3
This is usually the longest and strongest wave. The stock has caught the attention of the mass public. More people find out about the stock and want to buy it. This causes the stock’s price to go higher and higher. This wave usually exceeds the high created at the end of wave 1.