PSX · MODARABAS
FEM Bull Flag forming — 1 Hour chart signal
First Equity Modaraba
1 Hour 09 Oct 2026 · 11:30 PKT
Close
12.17
▼ 0.16%
Bull Flag forming
Chart pattern Against the trend
FEM is building a bull flag after a 2.75 rally (5.8x ATR) on the hourly chart.
The flag channel runs between 11.50 and 12.66. A hourly close above 12.76 signals continuation towards 15.41; a close below 11.50 fails the pattern. Still active - first identified on 09 Oct 2026 09:30.
Structure: bearish external, bullish internal (strong high 13.34). Nearest demand OB 9.00 - 9.23, supply OB 14.21 - 14.47.