USA Graphite Inc. (USGT) Chart Study

Looking at a long-term chart of USA Graphite Inc., we see a consolidation during most of this year that may soon break upward:

It could also break downward, and whichever way it goes it's extremely rare for a penny stock to exhibit this type of pattern - a run-up after it starts trading, then a tank of over 90% on massive volume - and then go on to glory. 

Most penny stocks never go on to glory in any case, so while we offer no opinion or judgement on the company itself, we're of the belief that if it does break upward out of this sideways pattern it'll be a short-term rally we'd prefer to sell into. 

A close-up of the consolidation, shown in red in the chart above, appears in the chart below:   

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