At first glance it may not appear that shares of Polo Resources make for the best bullish contender, but there is enough here especially over the past couple of months to suggest that this is a bona fide recovery situation.
As far as charting rules are concerned there are times when they appear to work like magic and others when a return to the drawing board seems to be entirely appropriate. However, the rules that work best are those which are derived from common sense. Their transparency allows the trader or investor to maximise potential profits. The current price action of Polo Resources (POL) illustrates this point perfectly.








