Coretec Group Inc (CRTG)

[BoomSoon]

Technically speaking, approximately…

The 100MA drove down the PPS at year’s end to the 10MA and it held strong for 20-days and was finally broken with yesterday’s close – and with today’s close is now slightly above the 100MA, which is at .0044. Interestingly enough, the 50MA is at .0043. On the Weekly chart we’re just above the Bollinger Band middle of .0044 (we’ll see where we are at week’s end). I would say .0044 is formidable Resistance, and should we consolidate there and eventually advance, it will become formidable Support... at least that’s the reasoning.

Next Resistance?

A nice 1-2-3 Bottom (using closing prices) has formed and is set up for a nice Head & Shoulders formation on both charts. Next Resistance appears at .005, the top Bolli on the Daily and also the trend line formed from the closings of the neck lines on the Weekly.

When we see the closing above the trend line established by closings on October 1 and December 17 (pump & dump day) on the Daily – around .007 – and the ADX turning up on the Weekly, things might get very interesting.

That’s my view… and I don’t know about you, but I’m ready to rock & roll.