NewStream Energy Technologies Group Inc (NSGP)

[trader53]

A Technical observation...

CCTC Daily:
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=3&dy=0&id=p17992660187


From the High of 0.185c set on April 12th, down to the present price low of 0.070c set yesterday Wednesday June 9th,

CCTC has been trading in a "Declining Channel Formation" that is
0.04c wide, from the lower level to the upper level of the channel.

Note the labeled price tags:
.12c to .16c
.10c to .14c
.07c to .11c

Currently, CCTC is at .0723c, and if the stock were to move up .05c from here, that would break the channel to the upside.

Note also, the "Positive Divergence" between the declining price and the uptrending Money Flow Line, since April 29th. This means that a turn is approaching, and that the price trend is about to reverse. A price rise is "Imminent" !!!!