Lower US pig inventory bullish for LHOG
Technical Analysis Summary Libové vepřové maso: Buy
| Indicator | VALUE | Signal |
| RSI | Neutrální | |
| MACD | Buy | |
| Donchian Channel | Neutrální | |
| MA(200) | Buy | |
| Fractals | Neutrální | |
| Parabolic SAR | Buy |
Chart Analysis
On the daily timeframe #C-LHOG: Daily is retracing down toward the 200-day moving average MA(200), which is rising. We believe the bullish momentum will continue as the price breaches above the upper Donchian boundary at 69.22. A pending order to buy can be placed above that level. The stop loss can be placed below 63.10. 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 without reaching the order, we recommend cancelling the order: the market has undergone internal changes which were not taken into account.
Fundamentální analýza -
USDA estimates domestic hog inventory is down. Will the LHOG continue rising?
The US Department of Agriculture (USDA) reported that the number of breeding hogs on September 1 was down 2% from a year earlier. The domestic inventory of all hogs and pigs was up 1% from a year earlier at 79.1 million head, but down 1% from June 1 of this year. The falling number of breeding hogs as well as all hogs is a bullish factor for LHOG.