Current Price: 72.21 PKR ⬇️ -9.70%
🔴 CRITICAL LEVELS TO WATCH
Resistance:
88 PKR (recent breakdown level)
96-110 PKR (blow-off top zone)
Support:
70-75 PKR (former channel resistance, now support)
60-65 PKR (ascending trendline support)
44 PKR (major horizontal support - CRITICAL)
📈 WHAT HAPPENED?
✅ Stock traded in rising channel Jan-Sep 2025
✅ Parabolic breakout to 110+ in Oct (nearly vertical!)
❌ Classic blow-off top pattern
❌ Sharp 35%+ correction from highs
❌ Now testing critical support zones
🎯 TECHNICAL SETUP
Pattern: Ascending channel breakdown after parabolic rally
Trend: Bearish in short-term, testing support
Volume: High during both rally and decline (institutional activity)
Risk Level: HIGH - High volatility zone
💡 KEY TAKEAWAY
After an unsustainable parabolic run, THACM is now in correction mode. Watch the 70-75 support carefully - a break below could send it to 60 or even 44. Bulls need to reclaim 88+ to invalidate bearish scenario.
⚠️ DISCLAIMER: This is technical analysis only, not financial advice. Trade at your own risk.
🔴 CRITICAL LEVELS TO WATCH
Resistance:
88 PKR (recent breakdown level)
96-110 PKR (blow-off top zone)
Support:
70-75 PKR (former channel resistance, now support)
60-65 PKR (ascending trendline support)
44 PKR (major horizontal support - CRITICAL)
📈 WHAT HAPPENED?
✅ Stock traded in rising channel Jan-Sep 2025
✅ Parabolic breakout to 110+ in Oct (nearly vertical!)
❌ Classic blow-off top pattern
❌ Sharp 35%+ correction from highs
❌ Now testing critical support zones
🎯 TECHNICAL SETUP
Pattern: Ascending channel breakdown after parabolic rally
Trend: Bearish in short-term, testing support
Volume: High during both rally and decline (institutional activity)
Risk Level: HIGH - High volatility zone
💡 KEY TAKEAWAY
After an unsustainable parabolic run, THACM is now in correction mode. Watch the 70-75 support carefully - a break below could send it to 60 or even 44. Bulls need to reclaim 88+ to invalidate bearish scenario.
⚠️ DISCLAIMER: This is technical analysis only, not financial advice. Trade at your own risk.
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Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.