NewStream Energy Technologies Group Inc (NSGP)

[trader53]

Technical "Mid-day" Update, for Thursday, May 27th.

Wave 3(red) has begun !!!!!

Expecting a run to above 0.42c in the next 4-days !!!

CCTC hit a "turning point" yesterday.
A Bullish Long Legged Doji, a bullish reversal pattern that marks a potential change in the trend, was made.

The volume was huge, News was issued, and the stock has been placed on the "Naked Short List". The stock had a big move up from the opening, reaching an intra-day high of 0.1140c, bfore backing-off and retracing all of its gains, and ending the day unchanged at 0.087c. The support level of 0.075c has held. The resistance level of 0.11c is "key" to the upside potential. If the stock can get above 0.11c, there is no resistance until 0.27c, and once that is penetrated, the stock can then move up fast, to over $1.00.


CCTC may have reached bottom Tuesday May 25th, to establish Wave 2(red),
(a,b,c corrective phase).
http://www.optionsoutlet.com/trading_technicals/images/improv32.gif

Wave 3(red) has begun !!!
CCTC is now positioned for a strong "Impulse" move-up. A NEW, "lower low", is now in place at 0.077c, from the high of 0.42c, that was set on February 18th.


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


Where CCTC is Currently:

Wave 3(red) May 26th - (Impulse Wave Expected !!!)
1= 0.1140c

Wave 2(red) February 18th - May 25th Corrective Wave
a= 0.10c b= 0.185c c= 0.0770c

Wave 1(red) February 10th - 18th Impulse Wave
1= 0.05c 2= 0.035c 3= 0.13c 4= 0.12c 5= 0.42c

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

STOCHASTIC ALERT: 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=DO&d=M&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=25&y=9


*From January 21 to February 10, the "Price Trend" was moving down, while the "Money Flow Index" was moving UP!
Result: Strong Impulse move UP! 0.034c to 0.42c

*From April 29 to May 27, the "Price Trend is moving down, while the "Money Flow Index" is moving UP!
Result: A potential Strong Impulse move to the UPSIDE !

Note that both the Stochastic reading and Money Flow Index lines, are positioning themselves in a manner similar to where they were, just before the February 17th "Impulse Move" UP.

http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=6&dy=0&id=p07354699796