NewStream Energy Technologies Group Inc (NSGP)

[trader53]

Futures indicate strong open !!!!

http://money.cnn.com/data/premarket/index.html
S&P up +11 pts.
Dow up +93 pts
at 4:00am


....and CCTC could benefit.

CCTC has been under the recent support of 0.077c (May 25th) for the last 4-trading sessions, and the stock should move up to re-test that level. http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=6&dy=0&id=p00572868478

On re-tests, stocks generally overshoot, so CCTC should move up to over 0.102c today or Tuesday, just on technicals alone. The stock has been in a "Descending Channel Formation" for the last 9-weeks, that is 0.04c wide from the top of the channel to the bottom. Last Fridays low was 0.062c, so a 0.04c move up above that low, makes a move up to 0.102c, likely !!!!