PSX · FOOD & PERSONAL CARE PRODUCTS
MFL Head & Shoulders forming — Daily chart signal
Matco Foods Limited
Daily 08 Oct 2026
Close
45.03
▼ 4.60%
Head & Shoulders forming
Chart pattern With the trend
MFL has completed a head & shoulders on the daily chart with the head at 72.00 and the neckline at 33.15.
The pattern is confirmed by a daily close below 32.67. The measured move from the neckline points to 4.30 (-87.0%). A close beyond the head at 72.00 cancels it. Still active - first identified on 28 Aug 2026.
Structure: bearish external, bullish internal (strong high 85.73). Nearest demand OB 36.50 - 37.15, supply OB 52.43 - 53.01.