FAYSAL BANK LTDLong
FABL:PSX has formed Bullish Flag continuation pattern
FABL:PSX is presently in uptrend as it is printing HHs and HLs. The price pattern has recently formed a Bullish Flag continuation pattern on 1H timeframe. Entry (Buy Stop) has been planned on breakout above the Flag-pole with SL placed below previous HL. Projected Price Potential, TP1 and TP2 have been suitable placed. RSI has shown no divergence therefore it is understood that the stock is likely to continue uptrend after reaching Entry Price.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.