Lean Hogs: 3 tier long term buy opportunity.

1 ก.ค. 2019

Lean Hogs have been trading sideways since late 2015 and on the monthly chart is best illustrated by the neutral monthly chart (RSI = 51.940, Williams = -47.019, CCI = 34.8246, Highs/Lows = 0.000).

On 1D the MA200 works as a pivot attracting the price always after an annual High or Low. The price is currently trading above so we are expecting a sharp decline below this MA200 consolidation belt and towards the previous 2 lows which now represent a 3 tier buy opportunity: 55.100, 48.000 and 41.000.




** If you like our free content follow our profile (tradingview.com/u/InvestingScope) to get more daily ideas. **

Comments and likes are greatly appreciated.