Technical Analysis #C-LHOG : 2020-02-20

Indicator Signal
RSI Neutral
Donchian Channel Buy
MA(200) Sell
Fractals Buy
Parabolic SAR Buy

Chart Analysis

On the daily timeframe #C-LHOG: D1 is rising toward the 200-day moving average MA(200), which is falling. We believe the bullish momentum will continue as the price breaches above the upper Donchian boundary at 69. A pending order to buy can be placed above that level. The stop loss can be placed below 62.9. After placing the order, the stop loss is to be moved every day to the next fractal low, following Parabolic signals. Thus, we are changing the expected profit/loss ratio to the breakeven point. If the price meets the stop loss level (69) without reaching the order (62.9), we recommend cancelling the order: the market has undergone internal changes which were not taken into account.

Fundamental Analysis

Lean hog price is rising after decline following signing of interim US-China trade deal. Will the LHOG continue rising?