Fellow Investor,
Shares of USA Graphite (
USGT) held onto strong support at the $0.55 level today and closed strong, finishing up 4.4% at $0.585. The recent consolidation is over. Bears made repeated attempts to push the share price below $0.55 today but, each time, the share battled back as investors remained positive on the outlook for
USGT.
With the completion of this weeks consolidation,
USGT will be ready to make its next move to $2.00, which would result in nearly a 400% profit for investors.
Graphite Could Revolutionize Smartphones, Tablets, and Car Engines...
Demand for graphite, an important strategic mineral, is rising. Lithium-ion batteries, which made investors who bought lithium mining shares a lot of money about a year ago, actually use up to thirty times more graphite than lithium.
But batteries are only a small part of the graphite story. Graphite is the raw material for graphene, a sheet of carbon just one atom thick but one of the strongest materials known to man.
Samsung and other companies are doing intensive research on graphene with the aim of making [paper-thin, foldable devices that can be folded into a smartphone or even a wristwatch or unfolded into a fully functional tablet computer.
The Russian-born UK scientists that discovered graphene were awarded the Nobel Prize in 2010. This amazing material will be the basic building block of our high-tech future.
Small Move Higher Could Trigger Short Squeeze
USGT survived an aggressive short attack early Monday morning. 250,000 shares were sold in just five minutes. But the bulls prevailed and now the short seller is sitting on a pretty big loss.
With the consolidation pattern complete and a reversal taking place at the close, that short seller is going to be mighty nervous. Once the shares rally above $0.60, the shorts are going to have to be covered and that will be the rocket fuel to accelerate
USGT higher.
The fundamentals are sound, the chart is looking good and we know that there are at least 250,000 shares that will have to be bought back in a hurry. Dont miss out on the next leg up in
USGT. Get on board today!
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