NewStream Energy Technologies Group Inc (NSGP)

[trader53]

CCTC might be ready to move to 0.10c

The following chart of NMTI, may offer a clue as to the direction of the pps for CCTC.

http://stockcharts.com/h-sc/ui?s=NMTI&p=D&yr=2&mn=0&dy=0&id=p04551520683


NMTI bottomed in DEC. 2008, then surged to a high in Jan.2009,of $1.59, to establish Wave #1, then corrected in an A=0.84c,B=$1.13,C=0.60c pattern for 2-1/2 months, down to the blue moving average on DEC.2008, to 0.60c, to establish Wave #2, then turned up again, moving to $1.168, going above B=$1.13, then correcting down to 0.72c.

CCTC has a similar pattern, having moved from 0.034c to 0.42c to establish Wave #1, then corrected in an A=0.10c,B=0.185c,C=0.05c pattern for 4-1/2 months, down to the blue moving average at the low in February, to 0.05c, to "possibly" establish Wave #2, and is now turning up. We'll need to see if this move up yesterday has any sustainability.

http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=2&mn=0&dy=0&id=p18016201040

CCTC bottomed in FEB. 2010, then surged to a high in FEB.2010, then corrected for 4 months, down to the blue moving average in FEB.

Note the Slow Stochastic in each chart. It turned up, and trended up, as the price of the stock was falling.

If CCTC is able to hold here at 0.05c, and move up to 0.10c, then a move to 0.185c is also possible. In this case, a move above 0.42c is also possible.