NewStream Energy Technologies Group Inc (NSGP)

[trader53]

Technical Update, Tuesday, May 18th.

CCTC may have reached bottom on Friday to establish Wave 2(red),
(a,b,c corrective phase).
http://www.optionsoutlet.com/trading_technicals/images/improv32.gif

Wave 3(red) may be beginning. A strong "Positive Divergence" is now in place. CCTC is now positioned for a strong move-up, having reached my target of 0.097c, a 3rd lower low from the high of 0.42c that was set on February 18th. Look for gains all this week, Monday May 17th- Friday May 21st.

I have adjusted the count, to reflect Fridays low, of 0.0880c

Refer to 5-Wave "Elliott Wave" Chart below:
http://www.ensignsoftware.net/images/20-4.gif


Where CCTC is Currently:

Wave 3(red) May 14th - possibly started.
1=0.11c

Wave 2(red) February 18th - May 14th Corrective Wave
a=.10c b=.185c c=.0880c

Wave 1(red) February 10th - 18th Impulse Wave
1=.05c 2=.035c 3=.13c 4=.12c 5=.42c

http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=6&dy=0&id=p88501038499

ALERT: Stochastic is Oversold Buried
http://www.stockta.com/cgi-bin/analysis.pl?symb=CCTC&table=stoch&mode=table

TREND ALERT: Downward Sloping Trading Channel
http://www.stockta.com/cgi-bin/analysis.pl?symb=cctc&table=trend&mode=table

http://barchart.com/chart.php?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=SMACD%2812%2C26%2C9%2C16737792%2C10053375%2C13421721%29&chartindicator_1_code=SMACD&chartindicator_1_param_0=12&chartindicator_1_param_1=26&chartindicator_1_param_2=9&chartindicator_1_param_3=16737792&chartindicator_1_param_4=10053375&chartindicator_1_param_5=13421721&addindicator=&submitted=1&fpage=&txtDate=&x=52&y=7