Coretec Group Inc (CRTG)

[BoomSoon]

Wow, we got that .0046 Close…

The .0046 is significant because it broke the Weekly chart’s trend line established with, by my count, 6 touches of Closings starting the second week of June 2012. With this trend line broken the Weekly is saying “you’ve broken my most effective Resistance, now it’s up to the Daily.” The Daily could be forming a Flat-Top Ascending Triangle, in essence, a bullish formation indicating accumulation and is a reversal pattern at the end of a downtrend. I don’t know about you, but that’s good news to me… I’ve had enough downturn.

That said. Given the circumstances, the 10-Q is due at the end of the month and is, of course, the ONLY news that we know that we’ll get, so I say, that trading sentiment is ‘on hold’ and will continue the Flat-Top formation… the PPS may retreat and establish Support in the .0035 area from time to time then rebound to the top in days to come, further strengthening accumulation.

I should add that with today’s Closing the Weekly chart formed a perfect Symmetrical Triangle (using Closing prices) substantiating the fact, that in days ahead, we may very well continue trading within the .0046-.0035 range.

Hopefully, we’ll see the Daily pattern continue to strengthen and blowout its top to, at least, next Resistance, which is at .006. And what would cause that, Mackey? I don’t know if the Q would do it, but hopefully, a meaningful PR in the not too distant future would… simply put.

BOOMER!