Replies to post #24564 on NewStream Energy Technologies Group Inc (NSGP)

[trader53]

pqwolf, this is what I see currently


CCTC is displaying a Head & Shoulders "top" pattern, over the last 4-weeks, and this is "bearish".

http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=3&dy=0&id=p73541332235

All labeled:
The Left-Shoulder is 0.06c
The Head is 0.0689c
The Right-Shoulder is 0.062c
The Neckline is 0.051c and 0.050c

H&S tops, imply lower prices, and a measurement from the Head down to the Neckline is 0.0689c - 0.050c = 0.0189c, then subtract 0.0189c from the Neckline of 0.051c and you get a price target of 0.0321c.

This target of 0.0321c would under the 52-week low of 0.034c, and that is where I would be a BUYER. The price would rise after hitting this low of 0.0321c since it went under a 6-month support.


http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=6&dy=0&id=p76037064818