NewStream Energy Technologies Group Inc (NSGP)

[trader53]

A Special Technical Update !!!

CCTC has "a pattern", that has displayed itself repeatedly.

This pattern is the "5-Wave pattern". ( 1-2-3-4-5 sequence )

After each 5-Wave move up, the stock corrects in a like manner, with 5-Waves Down.

After each corrective 5-Wave pattern down, the stock begins a new 5-Wave pattern UP.

Currently, IMO, CCTC is in Wave 1, of this next 5-Wave pattern.
This means that 4-more waves are due to follow this one.

In the following chart, you will notice these 5-Waves down.
The top starting point is 0.185c on April 10th. The first down move was to 0.125c on April 20th. Then it jumped to 0.16c on April 21st. This was Wave 2. Then the stock moved down to 0.105c on May 4th creating Wave 3. Then the stock jumped again, to 0.145c on May 8th, creating Wave 4. Then it moved down again, to 0.088c on May 14th, last Friday, to establish the last wave, Wave 5. So, from 0.185c down to 0.088c, from April 10th to May 14th, a 5-Wave corrective down phase was created.

A new Up Trend seems to be in place currently.
From last Fridays low of 0.088c, up to 0.11c on Monday, then down to yesterdays low of 0.090c, it appears Wave 1 of the next Up Trend has taken form, and the stock now has 4-Waves up to go.


These next 4-Waves coulf take the form of a "Strong Impulse Move".

We'll have to wait and see how it plays out.

http://barchart.com/chart.php?sym=CCTC&style=technical&p=DO&d=L&sd=&ed=&size=M&log=0&t=BAR&v=1&g=1&evnt=1&late=1&o1=&o2=&o3=&indicators=SMA%2820%2C16711680%29%3BMFI%2814%2C255%2C100%2C39168%2C16711680%29%3BSSTO%2814%2C3%2C16763904%2C6724095%29&chartindicator_1_code=SMA&chartindicator_1_param_0=20&chartindicator_1_param_1=16711680&chartindicator_2_code=MFI&chartindicator_2_param_0=14&chartindicator_2_param_1=255&chartindicator_2_param_2=100&chartindicator_2_param_3=39168&chartindicator_2_param_4=16711680&chartindicator_3_code=SSTO&chartindicator_3_param_0=14&chartindicator_3_param_1=3&chartindicator_3_param_2=16763904&chartindicator_3_param_3=6724095&addindicator=&submitted=1&fpage=&txtDate=&x=39&y=8