NewStream Energy Technologies Group Inc (NSGP)

[trader53]

Technical Update, for Monday, June 21st.

CCTC is well positioned for a strong rally, this week. 0.062c is our support. The stock may have ended the corrective phase on Friday when it made a low of my anticipated 0.065c level, in the a,b,c, manner. As long as 0.062c holds, CCTC looks good to hold here. The "Money Flow Index has broken below the 20 level, a sign of being oversold, and positions the stock for a move up this week. The move up may be a move of 0.04c or more. First resistance is 0.08c.http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=3&dy=0&id=p84151695646

The resistance level of 0.114c continues to be the "key" to the upside potential. If the stock can get above 0.114c, there is no "resistance" until 0.27c, and once that is penetrated, the stock can then move up fast, to over $1.00.

http://www.stockta.com/cgi-bin/analysis.pl?symb=CCTC&num1=569&cobrand=&mode=stock

http://www.optionsoutlet.com/trading_technicals/images/improv25.gif

http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=6&dy=0&id=p78058708735


CCTC may have reached bottom Friday June 11th, at 0.062c, to establish Wave 2(red),
(a,b,c corrective phase).
http://www.optionsoutlet.com/trading_technicals/images/improv32.gif

Wave 3(red) may be beginning,
CCTC is now positioned for a strong "Impulse" move-up. A NEW, "lower low", is now in place at 0.062c, from the high of 0.42c, that was set on February 18th.


Refer to 5-Wave "Elliott Wave" Chart below:
http://www.ensignsoftware.net/images/20-4.gif


Where CCTC is Currently:

Wave 3(red) June 11th ( Possible Impulse Wave ???)
1= 0.08c 2=0.065c 3=?

Wave 2(red) February 18th - June 10th Corrective Wave
A=.10c B=.185c C=.062c

Wave 1(red) February 10th - 18th Impulse Wave (6-days)
1=.05c 2=.035c 3=.13c 4=.12c 5=.42c

STOCHASTIC ALERT:
http://www.stockta.com/cgi-bin/analysis.pl?symb=CCTC&table=stoch&mode=table

TREND ALERT: Intermediate Downward Sloping Trading Channel
Short-Term Downward Sloping Trading Channel
http://www.stockta.com/cgi-bin/analysis.pl?symb=cctc&table=trend&mode=table

http://barchart.com/chart.php?sym=CCTC&style=technical&p=DO&d=O&sd=&ed=&size=M&log=0&t=BAR&v=1&g=1&evnt=1&late=1&o1=&o2=&o3=&indicators=SMA%2820%2C16711680%29%3BMFI%2814%2C255%2C100%2C39168%2C16711680%29%3BSSTO%2814%2C3%2C16763904%2C6724095%29&chartindicator_1_code=SMA&chartindicator_1_param_0=20&chartindicator_1_param_1=16711680&chartindicator_2_code=MFI&chartindicator_2_param_0=14&chartindicator_2_param_1=255&chartindicator_2_param_2=100&chartindicator_2_param_3=39168&chartindicator_2_param_4=16711680&chartindicator_3_code=SSTO&chartindicator_3_param_0=14&chartindicator_3_param_1=3&chartindicator_3_param_2=16763904&chartindicator_3_param_3=6724095&addindicator=&submitted=1&fpage=&txtDate=&x=49&y=5

*From January 21 to February 10, the "Price Trend" was moving down, while the "Money Flow Index" was moving UP!
Result: Strong Impulse move UP! 0.034c to 0.42c