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Polo Resources could recover some 150% to around 14p in 2017, says Zak Mir

The chart for Polo Resources Plc (LON:POL) shows the share has put in the basis of a recovery that could eventually see the price rise around 150% to return to the 14p level, so says technical analyst Zak Mir.

In a Tip TV segment for Proactive Investors, Mir highlights the “big turnaround” in the Polo Resources chart, which earlier this year officially marked a switch from a bear trend to a bull trend.

Technically minded traders ought to look for further progression, and watch out for a move above 6p ahead of further upside, the chartist added.

 
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