PSX · MODARABAS
FTSM Bear Pennant forming — 1 Hour chart signal
First Tri-Star Modaraba
1 Hour 16 Oct 2026 · 08:30 PKT
Close
35.49
▼ 7.60%
Bear Pennant forming
Chart pattern With the trend
FTSM is building a bear pennant after a 10.70 drop (8.2x ATR) on the hourly chart.
The flag channel runs between 40.00 and 39.34. A hourly close below 39.74 signals continuation towards 29.30; a close above 39.34 fails the pattern.
Structure: bearish external, bearish internal (strong high 49.20). Nearest demand OB 32.55 - 33.00, supply OB 38.00 - 39.48.
More for FTSM
FTSM company page →Head & Shoulders breakdown
FTSM broke below its head & shoulders on the 30-minute close at 35.49.
16 Oct 2026 · 09:00 PKT Pattern breakout
Head & Shoulders forming
FTSM has completed a head & shoulders on the 30-minute chart with the head at 46.70 and the neckline at 36.11.
16 Oct 2026 · 09:00 PKT Chart pattern
Bear Pennant breakdown
FTSM broke below its bear pennant on the hourly close at 35.49.
16 Oct 2026 · 08:30 PKT Pattern breakout