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=p62207290505

CCTC has been under "recent support" of 0.077c now for 3-days, and is due for a bounce. The bounce will carry the pps to above 0.077c support, which has now become resistance.

Currently, CCTC hit a low yesterday of .066c, and if the stock were to move up .04c from here, that would mean a target projection of 0.106c for today, a better than 50% gain off of the low.



From the High of 0.185c set on April 12th, down to the present price low of 0.066c set yesterday Thursday June 10th,

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


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



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" !!!!