NewStream Energy Technologies Group Inc (NSGP)

[trader53]

Technical Update, for Tuesday, July 13th.

On Monday July 13th, CCTC is showing signs of life, having broken out above recent resistance of 0.063c. http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=1&dy=0&id=p93636679019

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=p77310793096

CCTC may have reached bottom Friday June 30th,at 0.05c, 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 0.05c, 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) July 30th ( Possible Impulse Wave ???)
1= 0.06c 2=0.051c 3=

Wave 2(red) February 18th - June 30th Corrective Wave
A=.10c B=.185c C=.05c

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 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

MACD Alerts:
BottomBullishDivergence !!!!!

http://www.stockta.com/cgi-bin/analysis.pl?symb=CCTC&table=macd&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

*From April 29 to June 30, the "Price Trend" is moving down, while the "Money Flow Index" is trending UP!
Result: A potential Strong Impulse move to the UPSIDE !