NewStream Energy Technologies Group Inc (NSGP)

[trader53]

A Technical observation...for Monday June 14th

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 4-days, and will move above 0.077c which is now "resistance". The bounce will carry the pps to above 0.10c.

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.

From the High of 0.185c set on April 12th, CCTC moved down to Fridays price low of 0.062c.

Currently, CCTC hit a low yesterday Friday, of .062c, and if the stock were to move up .04c from there, that would mean a target projection of 0.106c for Monday June 14th, a better than 50% gain off of Fridays low.

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" !!!!