NewStream Energy Technologies Group Inc (NSGP)

[trader53]

Technical Update, for Tuesday, July 13th.

OBSERVATION:
CCTC has had a "Breakout" short-term, within the confines of a "down-trend trading channel", which has a width of 0.04c to 0.05c, from the bottom of the channel, to the top of the channel. If the stock has a follow-thru today, to add to yesterdays move up, it could get as high as 0.09c to 0.10c, coming off of the most recent low of 0.05c, the low of the channel.

Short-Term Resistance is at 0.0698c and 0.08c
Support is 0.05c.

http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=3&dy=0&id=p36775768674


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

TREND ALERT: Intermediate-Term Downward Sloping Trading Channel
Intermediate-Term Bullish Breakout !!!!!!
Short-Term Downward Sloping Trading Channel
Short-Term Bullish Breakout !!!!
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

3-STARS
http://www.allotcbb.com/quote.php?symbol=cctc

I still maintain that yesterdays move was an opportunity to SELL, given the non-substantive PR release, however, there also exists the possibility that this move yesterday was a breakout, out of the channel that the stock has been in since the top on
April 12th, at 0.185c. Three "Fan Lines" can be drawn from that "pivot-point" of 0.185c, and yesterdays move took the pps outside of the channel.

If the stock falters today, and moves down toward 0.05c, I would think that the stock would then stand a better chance of going under 0.034c, the 52-weel low.

http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=6&dy=0&id=p48985758817