PSX · PHARMACEUTICALS · 30 Min
MACTER Bull Pennant forming
Macter International Limited · 29 Oct 2026 · 14:00 PKT
▲ Bullish Forming Chart pattern Against the trend
Lines to watch
Awaiting breakout- Close
- 230.55
- ▲ 0.02%
- Upper line
- 231.48
- +0.4%
- Lower line
- 230.13
- -0.2%
- ATR
- 1.69
- 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
MACTER is building a bull pennant after a 11.50 rally (6.8x ATR) on the 30-minute chart.
The flag channel runs between 230.13 and 231.48. A 30-minute close above 231.82 signals continuation towards 242.98; a close below 230.13 fails the pattern.
Structure: bearish external, bullish internal (strong high 276.99). Nearest supply OB 257.18 - 261.00.
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 231.48 (+0.4%) would be an upside breakout.
- 3 A 30 min close below 230.13 (-0.2%) 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.