NewStream Energy Technologies Group Inc (NSGP)

[trader53]

I don't know what the stock will do today!

I don't know if it will go down, or up.

I do know, however, that the decline is deccelerating since June 11th, and that a turn is due over the next few days, on a test of support.

Can the stock go down to 0.02c ?
Absolutely !

Can it go to 0.05c ?
Sure it can.

Will it find support at 0.05c ?
I don't know.

Will the stock go up to over $1.00 ?
I don't know.

I do know that the move from 0.034c in February to 0.042c, was not a "Fluke". It was some serious buying !

That buying happened because investors saw value in the price at 0.034c, and it got chased by speculators, investors, and short-term traders, and short-players had to chase it to cover their short positions.

I suspect, that at some point soon, if the stock goes under 0.034c, it will cause a buying frenzy, merely because it will then be under support.



http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=6&dy=0&id=p41830031401