Recommendation for Live Cattle :Buy
Buy Stop : Above 114,6Stop Loss : Below 108,6
| Indicator | Value | Signal |
| RSI | Neutral | |
| MACD | Sell | |
| MA(200) | Neutral | |
| Fractals | Neutral | |
| Parabolic SAR | Buy | |
| Bollinger Bands | Buy |
Chart Analysis
On the daily timeframe, LCATTLE: D1 has formed a triangle pattern, which should be broken up before opening a position. A number of technical analysis indicators formed signals for further growth. We do not exclude a bullish movement if LCATTLE rises above its last upper fractal and upper Bollinger band: 114.6. This level can be used as an entry point. We can place a stop loss below the Parabolic signal, the lower Bollinger band, 200-day moving average line and the last lower fractal: 108.6. After opening a pending order, we move the stop loss to the next fractal low following the Bollinger and Parabolic signals. Thus, we change the potential profit/loss ratio in our favor. After the transaction, the most risk-averse traders can switch to the four-hour chart and place a stop loss, moving it in the direction of the bias. If the price meets the stop loss (108.6) without activating the order (114.6), it is recommended to delete the order: the market sustains internal changes that have not been taken into account.