Recommendation for Lean Hog:Buy
Buy Stop : Above 97.13
Stop Loss : Below 93.37
RSI ։ Sell
MACD ։ Buy
Donchian Channel ։ Neutral
MA(200) ։ Buy
Fractals ։ Buy
Parabolic SAR ։ Buy
Chart Analysis
On the 4-hour timeframe #C-LHOG: H4 is rallying above the 200-period moving average MA(200), which is rising itself. We believe the bullish momentum will continue as the price breaches above the upper Donchian boundary at 97.13. A pending order to buy can be placed above that level. The stop loss can be placed below 93.37. 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 (93.37) without reaching the order (97.13), we recommend cancelling the order: the market has undergone internal changes which were not taken into account.