Coretec Group Inc (CRTG)

[BoomSoon]

Onelove, the current downtrend still exists, in fact, we’ve been in a 23 week trading channel. Using closing prices the weekly chart shows that we’ve been trading within a 0.007 cent channel since June. Accumulation? Yes. Bullish? Maybe… If the 1-2-3 Bottom holds.

Again using closing prices only, the daily chart shows a possible #1 at 0.0072 on October 26; the weekly shows the #1 set October 28 at .0081, which is the third touch of the lower trend line, or support. The #2 of the daily is 0.0159 set November 7 and the weekly #2 is 0.0151 set November 4. Where’s the #3 Bottom? I don’t know, but if it drops below either of the #1s above, we start all over and continue within the channel trending down.

However, if we bottom with a #3, and prices rally and we close above the top trend line of the weekly channel, that’s good news. Next resistance appears around .015, the 50 day moving average. It just seems like previous momentum just couldn’t bust the 50 day mid-August and early September. However, accumulation was heavy-duty then and also presents price resistance at 0.02-0.022… that is, if, we bust through the 50 day and upper Bolli.

I also like the convergence shown with the Stocs and Williams, but it seems like the downtrending channel is the problem. It’s been our friend for accumulation's sake, but if we can get rid of it, we may see new highs. How high? Don’t know. But NEWS will drive this thing. And news is not technical; it’s fundamental.