PSX:MFTM Technical Analysis

Mohammad Farooq Textile Mills Limited — Technical Analysis & Chart Patterns

Seven formations appear in MFTM's daily price history. An order block (ob), bearish completed with a downward breakout on September 18, 2017; a fair value gap (fvg), bearish completed with a downward breakout on October 3, 2017; a break of structure (bos) completed with a downward breakout on October 13, 2017; a head-and-shoulders top is currently forming and has not yet triggered; a three falling peaks is currently forming and has not yet triggered; a triple bottom is currently forming and has not yet triggered; a takuri line printed a bullish signal on October 13, 2017.

Patterns

last close, adjusted
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FORMING
Head-and-Shoulders Top — Oct 17, 2016 to Oct 13, 2017
FORMING
Three Falling Peaks — Feb 20, 2017 to Oct 13, 2017
FORMING
Triple Bottom — May 3, 2017 to Oct 13, 2017
BREAKOUT UP
Takuri Line — Oct 13, 2017 to Oct 13, 2017 · broke out on Oct 13, 2017
BREAKOUT DOWN
Fair Value Gap (FVG), Bearish — Sep 15, 2017 to Sep 29, 2017 · broke out on Oct 3, 2017
BREAKOUT DOWN
Break of Structure (BOS) — Aug 3, 2017 to Sep 29, 2017 · broke out on Oct 13, 2017
BREAKOUT DOWN
Order Block (OB), Bearish — Sep 15, 2017 to Sep 18, 2017 · broke out on Sep 18, 2017
Detected on this chart: Head-and-Shoulders Top (forming now), Three Falling Peaks (forming now), Triple Bottom (forming now), Takuri Line, Fair Value Gap (FVG), Bearish, Break of Structure (BOS), Order Block (OB), Bearish. Subscribe to Pro to see each one drawn on the chart with its trigger price, measure-rule target, stop and simulated trade result.

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