PSX · OIL & GAS MARKETING COMPANIES · 30 Min
SSGC Bull Pennant breakout
Sui Southern Gas Company Limited · 11 Nov 2026 · 11:30 PKT
▲ Bullish Breakout Pattern breakout With the trend
Closed at 24.02 on the breakout. Target 25.64, invalidation 23.60.
Trade plan
- Close
- 24.02
- ▲ 1.14%
- Target
- 25.64
- +6.7%
- Invalidation
- 23.60
- -1.7%
RiskReward
- Reward : risk
- 3.9 : 1
- ATR
- 0.27
- 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
SSGC broke above its bull pennant on the 30-minute close at 24.02.
Projected target 25.64 (+6.7%). The pattern is invalidated beyond 23.60 (-1.7%), a reward-to-risk of about 3.9 : 1.
Structure: bullish external, bullish internal (strong low 22.06). Nearest supply OB 25.90 - 26.20.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing above the pattern at 24.02.
- 2 The target, 25.64 (+6.7%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 23.60 (-1.7%), cancels the setup.
- 4 Reward : risk is 3.9 : 1: the distance to the target divided by the distance to invalidation.
- 5 Trend context: with the trend.
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.