PSX · CHEMICAL · 30 Min
LOTCHEM Bull Pennant forming
Lotte Chemical Pakistan Limited · 30 Oct 2026 · 09:30 PKT
▲ Bullish Forming Chart pattern Against the trend
Lines to watch
Awaiting breakout- Close
- 24.22
- ▼ 0.12%
- Upper line
- 24.57
- +1.4%
- Lower line
- 24.01
- -0.9%
- ATR
- 0.28
- 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 30 Min candles · click to enlarge
The breakdown
LOTCHEM is building a bull pennant after a 2.28 rally (8.2x ATR) on the 30-minute chart.
The flag channel runs between 24.01 and 24.57. A 30-minute close above 24.63 signals continuation towards 26.85; a close below 24.01 fails the pattern.
Structure: bearish external, bullish internal (strong high 27.69). Nearest demand OB 22.70 - 23.00, supply OB 25.29 - 25.35.
How to read this signal
- 1 Not triggered yet: the pattern is still forming on the 30 min chart.
- 2 A 30 min close above 24.57 (+1.4%) would be an upside breakout.
- 3 A 30 min close below 24.01 (-0.9%) would be a downside breakout.
- 4 Until one of the lines breaks, there is no target or invalidation level.
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.