USGT Strong Momentum Alert

USGT in Solid Uptrend

The breakout in USA Graphite (USGT) continues. The shares are higher for the third consecutive trading session, closing at a new high. This is an absolutely classic uptrend with USGT hitting higher highs and higher lows all week.

Volume was a very impressive 1.3 million shares.

USGT is in a solid uptrend. The price has been closing at new highs every day for the past three trading days. More importantly, while ther have been some sellers around, they have not been able to push USGT's share price below the previous day's close.

The pattern of higher highs and higher lows indicates a strong uptrend and we can find nothing on the charts that can stop it. USGT is having a great week and looks to be heading a lot higher.  How is your portfolio doing this week? Don't miss out on this opportunity to thumb your nose at Washington and the fiscal cliff and put some serious money in your pocket. USGT won't be below $0.80 for long.

Intraday Chart Price Action Impressive

Looking at the intraday, 1-minute chart, USGT rallied right at the open but on relatively low volume. However, volume picked up dramatically throughout the day as the shares finished with a flourish towards the close.

There was little selling pressure on the shares through the day but there does seem to be some resistance around the $0.75 area. Whoever is sitting there seems content to feed shares into the buying just below $0.75 and is not pushing on the rally.

The good news is that there is plenty of buying to absorb these sellers and, once the sellers are done, the rally will resume with an explosive move higher. This is to be expected around a "big figure" like $0.75 and does not change our bullish outlook at all.

Daily Chart Shows Strong Uptrend

USGT is in a classic uptrend on the daily chart. Every since the breakout from the wedge pattern on Monday, the shares have been moving higher on impressive volume, especially during a holiday week. The stock not only closed at a new high but it finished at the high of the day, indicating that there are still many unfulfilled buyers at the closing price.

Although there are sellers around $0.75, as we noted above, there is nothing on the chart that would prevent USGT from rising to $1.00, $2.00 or even higher.

USGT is in a powerful uptrend following the breakout from the wedge pattern on Monday. There is every indication that the rally will continue.

Once the sellers around $0.75 are done, USGT is expected to explode higher as investors become increasingly enthusiastic about graphite and graphene.

Awesome Science

Earlier today, we introduced you to a breakthrough in graphite technology achieved by some Japanese scientists. A magnetically levitating graphite disk was moved using light from a laser and using only sunlight. This breakthrough is just another example of the phenomenal potential of graphite and its derivative graphene.

The science is there. USGT's chart is solid.  Don't miss your chance to get on board USGT before it hits $1.00!


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