| | Fellow Investor, USA Graphite shares held support on both the intraday and the daily charts today despite some profit-taking after the sharp rally on Friday. This is the same pattern as we saw last week, with profit-taking seen early in the day and early in the week giving way to late buying. This is a great opportunity for investors to get in to the shares at cheap prices. The graphite story has not changed. You still have an opportunity to get in to the wonder material of the 21st century at bargain basement prices. Intraday Chart Solid As we pointed out earlier today, USGT held onto very strong support on the intraday, one-minute chart at the 500-minute simple moving average. The 500-minute simple moving average is rising steadily and now stands at $0.596. The 500-minute simple moving average was tested twice in afternoon trading and USGT rallied each time. This share does not want to go down. Daily Chart in an Uptrend On the daily chart, the shares are still in an uptrend even though the share price is down on the day. An uptrend is defined by a share price that is hitting higher highs, of course, but also hitting higher lows. That is the case today. Todays low was $0.58, higher than the previous low of $0.515 on Thursday of last week. The Future is Made of Graphite Graphite and its derivative graphene are the building blocks of the amazing technology that will become commonplace over the next five to ten years. Foldable, bendable rollable paper-thin smartphones with crystal clear displays will be made from graphene. Graphite is a major component of rechargeable lithium-ion batteries widely used in hybrid vehicles and mobile devices. Aims to be THE Dominant Supplier of Graphite in the U.S. USGT management has been aggressively acquiring graphite properties in the southwestern United States. Right now, the U.S. imports 100% of its supplies of this strategic mineralmostly from China. USGT will give American industry a reliable source of high-quality flake graphite right here in the USA. USGT is in a solid uptrend. Support has been successfully tested numerous times onh the short-term chart and on the long-term chart. The shares are in a solid uptrend. Demand for their strategic product is growing. Dont miss out! Disclaimer: http://liolink.com/images/2012/12/14/Be3QA.jpg | |
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