POLS is approaching the $0.55 zone, which is a very strong resistance that it has been rejected continuously since mid-June. However, at this time, the possibility of breaking through this zone is very high as it is being supported by the accumulation coming from the Symmetrical Triangle pattern.
If it overcomes this $0.55 zone, it will have a strong rally to the $0.8 zone, which is a 100% increase from the $0.4 bottom.
However, if it loses this $0.55 zone again and breaks out of this Symmetrical Triangle, we might still consider buying it back around $0.45 as this is a very reliable support since mid-June.
If it overcomes this $0.55 zone, it will have a strong rally to the $0.8 zone, which is a 100% increase from the $0.4 bottom.
However, if it loses this $0.55 zone again and breaks out of this Symmetrical Triangle, we might still consider buying it back around $0.45 as this is a very reliable support since mid-June.