NewStream Energy Technologies Group Inc (NSGP)

[trader53]

I have seen stocks move up sharply without NEWS, on technicals alone, just because of them being oversold and undervalued.

Then, the NEWS comes out, after the move up, in support of the move up.


Then people will say, "Oh, that's why the stock moved up", it was undervalued, and oversold.

It can sometimes be explained, on nothing more than supply and demand.

Right now, "Coal" is in vogue.
But, without any hard evidence to back-up the companys plans, and no revenue stream, there is no reason for some to take the risk on the stock right now.

Currently, however, the Money Flow is saying differently. It is saying that the stock is being accumulated. The smart people are BUYING. When the supply of stock runs low, and the demand becomes strong, the stock will move up strong.

CCTC has been moving side-ways for 3-months now, eating away at all the huge supply of stock that was bought in February, and has been distributed to buyers ( the smart buyers), at lower prices for these past 3-months.

The supply is drying up.

Demand for the stock will soon out-strip the supply, and the stock will surge.