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Trading Idea - Lean Hog, 05-03-2024
Trading Signal: #C-LHOG
| Order | Sell |
| Direction | Range Bound |
| Pattern | Trading in flag pattern |
| Interval | Daily |
| Length (Candles) | 17 |
Idea Summary
The medium term Lean Hog price forecast is bearish. The LHOG price is testing the resistance of flag chart pattern above the 200-day moving average MA(200) after breaching above Fibonacci 61.8 level. Most likely the price will reflect off the resistance and fall while there is a likelihood it may breach above the resistance and continue rising.
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