PSX · CABLE & ELECTRICAL GOODS
SIEM Head & Shoulders forming — 1 Hour chart signal
Siemens (Pakistan) Engineering
1 Hour 13 Oct 2026 · 12:30 PKT
Close
1,580.00
▼ 0.25%
Head & Shoulders forming
Chart pattern With the trend
SIEM has completed a head & shoulders on the hourly chart with the head at 1,840.00 and the neckline at 1,563.54.
The pattern is confirmed by a hourly close below 1,559.32. The measured move from the neckline points to 1,309.11 (-16.3%). A close beyond the head at 1,840.00 cancels it.
Structure: bearish external, bullish internal (strong high 1,840.00). Nearest bearish FVG 1,585.00 - 1,590.00.