PSX · PHARMACEUTICALS · 1 Hour
ABOT Bull Pennant breakout
Abbott Laboratories (Pakistan) Limited · 29 Oct 2026 · 14:30 PKT
▲ Bullish Breakout Pattern breakout With the trend
Closed at 971.99 on the breakout. Target 1,031.55, invalidation 961.00.
Trade plan
● Active- Close
- 971.99
- ▲ 0.10%
- Target
- 1,031.55
- +6.1%
- Invalidation
- 961.00
- -1.1%
RiskReward
- Reward : risk
- 5.4 : 1
- ATR
- 8.21
- Price now
- 972.00 0.0%
Outcome measured on the 1 hour bars after the signal: target or invalidation, whichever is touched first; a bar touching both counts as invalidated.
- Target
- Invalidation
- Pattern lines
- Fair value gap (bull / bear)
- Order block
- Strong / weak high and low
- BOS · CHoCHstructure breaks
SMC Structure · Order Blocks · FVG · Pattern Detector 1 Hour candles · click to enlarge
The breakdown
ABOT broke above its bull pennant on the hourly close at 971.99.
Projected target 1,031.55 (+6.1%). The pattern is invalidated beyond 961.00 (-1.1%), a reward-to-risk of about 5.4 : 1.
Structure: bullish external, bullish internal (strong low 821.00). Nearest demand OB 888.00 - 890.00, supply OB 995.00 - 1,000.00.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing above the pattern at 971.99.
- 2 The target, 1,031.55 (+6.1%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 961.00 (-1.1%), cancels the setup.
- 4 Reward : risk is 5.4 : 1: the distance to the target divided by the distance to invalidation.
- 5 Trend context: with the trend.
Pattern guide
About the bull pennant
A bull pennant is a sharp rise followed by a small symmetrical triangle; a break above it usually continues the rise.
- Confirmation
- A close above the pennant.
- Target
- The length of the pole, projected up from the breakout.
- Fails if
- A close below the pennant.