PSX · TEXTILE COMPOSITE
FASM Head & Shoulders forming — Daily chart signal
Faisal Spinning Mills Limited
Daily 08 Oct 2026
Close
324.99
▲ 2.12%
Head & Shoulders forming
Chart pattern Against the trend
FASM has completed a head & shoulders on the daily chart with the head at 425.00 and the neckline at 294.39.
The pattern is confirmed by a daily close below 289.61. The measured move from the neckline points to 112.61 (-61.7%). A close beyond the head at 425.00 cancels it. Still active - first identified on 21 Aug 2026.
Structure: bullish external, bullish internal (strong low 190.88). Nearest bullish FVG 206.01 - 210.01.