PSX · PHARMACEUTICALS · Daily
SEARL Bear Pennant forming
The Searle Company Limited · 19 Oct 2026
▼ Bearish Forming Chart pattern Against the trend
Lines to watch
Awaiting breakout- Close
- 76.32
- ▼ 1.83%
- Upper line
- 78.41
- +2.7%
- Lower line
- 76.37
- +0.1%
- ATR
- 1.84
- 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 Daily candles · click to enlarge
The breakdown
SEARL is building a bear pennant after a 10.22 drop (5.6x ATR) on the daily chart.
The flag channel runs between 76.37 and 78.41. A daily close below 76.00 signals continuation towards 66.15; a close above 78.41 fails the pattern.
Structure: bullish external, bearish internal (strong low 52.75). Nearest demand OB 66.96 - 72.17, supply OB 83.15 - 84.90.
How to read this signal
- 1 Not triggered yet: the pattern is still forming on the daily chart.
- 2 A daily close above 78.41 (+2.7%) would be an upside breakout.
- 3 A daily close below 76.37 (+0.1%) would be a downside breakout.
- 4 Until one of the lines breaks, there is no target or invalidation level.
Pattern guide
About the bear pennant
A bear pennant is a sharp fall followed by a small symmetrical triangle; a break below it usually continues the fall.
- Confirmation
- A close below the pennant.
- Target
- The length of the pole, projected down from the breakout.
- Fails if
- A close above the pennant.