POLA is forming a fallen angel formation. It is a little aggressive play as the volume is not very high. However in the hourly candle it seems breaking out, and seems an interesting long setup.
* Trade Criteria * Date First Found- May 23, 2017 Pattern/Why- Fallen angel formation Entry Target Criteria- Break of $5.20 Exit Target Criteria- $6.77 Stop Loss Criteria- $4.73
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Are we thinking that this will continue to slide based on this fallen angel outlook? It's just dropped below baseline resistance, so it feels like it's either going to tank or shoot back up, but I can't seem to tell. Any thoughts?