PSX · MODARABAS
FTSM Bear Pennant breakdown — 1 Hour chart signal
First Tri-Star Modaraba
1 Hour 16 Oct 2026 · 08:30 PKT
Close
35.49
▼ 7.60%
Bear Pennant breakdown
Pattern breakout With the trend
FTSM broke below its bear pennant on the hourly close at 35.49.
Projected target 29.30 (-17.4%). The pattern is invalidated beyond 39.59 (+11.6%), a reward-to-risk of about 1.5 : 1.
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 forming
FTSM is building a bear pennant after a 10.70 drop (8.2x ATR) on the hourly chart.
16 Oct 2026 · 08:30 PKT Chart pattern