HOG
Harley is having a spring sale HOG LONG ?The chart shows HOG to have reversed above its intermediate-term support.
Price is just below the near-term POC line of the volume profile and 30 % below
the intermediate-term POC line where increased volatility could result in
a rejection bounce or alternatively a push higher into the low-volume area
above.
The zero-lag MACD shows the lines crossed under the histogram and crossed
over the zero line.
The Bolliger Bands indicator shows a buy signal with a price near to the lower
band.
Overall, this is a good place to take a long swing trade of stock or even
a call option of 4 weeks duration mindful that it might be strategic
to "ride" the anticipation of earnings on April 25th but close out the option contract
or stock position a few days before the earnings report.
For the stock trade, stop loss and target are drawn onto the chart.
LiveWire LVW EV Motorcycle Company SPAC Blank Checkran across this in a Michael Burry article.
Transaction net proceeds of $545 million* will fund LiveWire's strategic plan to accelerate its go-to-market model, invest in new product development, and enhance global manufacturing & distribution capabilities
- LiveWire will benefit from industry-leading strategic partners - Harley-Davidson and KYMCO, a leading global powersports company headquartered in Taiwan - by leveraging their engineering expertise, manufacturing footprint, distribution, supply chain infrastructure and global logistics capabilities
- LiveWire pro forma enterprise value of approximately $1.77 billion
- Harley-Davidson and ABIC to Host a Joint Conference
Are Lean Hogs Out of Gas?
Lean Hogs
Daily Direct Hogs Plant Delivered (as of 1:30 PM CT)
Carcass Base Price
Range: 114.00-136.00
Weighted Average: 123.69
Change from Prior Day: 2.32
Head Count: 6,089
Daily Hog Slaughter
440,000. Down 12,000 from last week and 24,000 from last year.
Commitments of Traders Update
Friday’s Commitments of Traders report showed that Managed Money were net buyers of 8,402 futures/options contracts through August 9th. This expands their net long position to 65,153 contracts
Technical Snapshot
October lean hogs made new contract highs on Thursday, but it really lacked conviction. The lack of conviction helped spark some moderate profit taking on Friday. Bearish news from China has put some weakness into the outside markets, this may spill into hogs to start the week. If the market does experience weakness, a retracement to last week’s breakout point would be the first downside objective,
Resistance: 101.65**
Pivot: 100.375-100.825
Support: 98.05-98.25***, 96.775-97.525***, 94.30-95.30***
Futures trading involves substantial risk of loss and may not be suitable for all investors. Trading advice is based on information taken from trade and statistical services and other sources Blue Line Futures, LLC believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades. All trading decisions will be made by the account holder. Past performance is not necessarily indicative of future results.
Lean Hogs Act as a Flight to Safety?
Lean Hogs
Technicals (August): It was a risk-off day in nearly every commodity yesterday, with the exception of lean hogs. Lean hog futures were able to rally up near the 50-day moving average which we’ve listed as first resistance. That finished yesterday’s session at 106.90. Just above that is trendline resistance from the March 31st high, that comes in near 107.50. If the Bulls can find enough follow-through today to chew through that resistance pocket, we could see an extension towards 110.
Resistance: 106.90-107.50****, 110.075-110.225***, 111.30***
Pivot: 103.00-103.95
Support: 101.30-101.60**, 98.00-98.65****
Futures trading involves substantial risk of loss and may not be suitable for all investors. Trading advice is based on information taken from trade and statistical services and other sources Blue Line Futures, LLC believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades. All trading decisions will be made by the account holder. Past performance is not necessarily indicative of future results.
Lean Hogs Setting Up For A Bigger MoveLean Hogs
Technicals (August): August lean hogs have been trapped between the 200-day moving average and 50 day moving average for a while now, but as those converge it could setup for a bigger directional move (instead of the choppy sideways trade that we’ve been stuck in for a month). First resistance comes in from 108.65-109.45. This pocket represents trendline resistance and the 50-day moving average. On the support side of things, 103.00-103.95 is the MUST HOLD area. This represents trendline support and the 200-day moving average.
Resistance: 108.65-109.45***, 110.075-110.225**, 111.30***
Support: 103.00-103.95****, 101.30-101.60**, 97.375-98.00****
Futures trading involves substantial risk of loss and may not be suitable for all investors. Trading advice is based on information taken from trade and statistical services and other sources Blue Line Futures, LLC believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades. All trading decisions will be made by the account holder. Past performance is not necessarily indicative of future results.
Harley-Davidson (NYSE: $HOG) Looks Ready To Rally Higher! 🏍️Harley-Davidson, Inc. manufactures and sells motorcycles. The company operates in two segments, Motorcycles and Related Products and Financial Services. The Motorcycles and Related Products segment designs, manufactures, and sells Harley-Davidson motorcycles, including cruiser, touring, standard, sportbike, and dual models, as well as motorcycle parts, accessories, apparel, and related services. This segment sells its products to retail customers through a network of independent dealers, as well as e-commerce channels in the United States, Canada, Latin America, Europe, the Middle East, Africa, and the Asia-Pacific. The Financial Services segment provides wholesale financing services, such as floorplan and open account financing of motorcycles, and parts and accessories; and retail financing services, including installment lending for the purchase of new and used Harley-Davidson motorcycles, as well as point-of-sale protection products comprising motorcycle insurance, extended service contracts, and motorcycle maintenance protection. This segment also licenses third-party financial institutions that issue credit cards bearing the Harley-Davidson brand. Harley-Davidson, Inc. was founded in 1903 and is based in Milwaukee, Wisconsin.
Harley DavidsonSunday, 12 September 2021
4:40 AM (WIB)
Been a long time not to trades with Harley Davidson. And surprise that the price on the downtrend channel with hit the lowest low of an ascending channel. There more possibility for the price to start move upside again and reach 0.5 F with 20% ROI.
Best regards,
RyodaBrainless
"Live to Ride and Ride to Live"
HOG Harley Davidson repeating same move from April 2020Enter and Exit are on the chart. Repeating same move from back in April 2020/ Should be on autopilot. I'm expecting a drop first thing in the morning hopefully that will get me in the money for the out of the money price and Should see it bounce from there. Falling wedge except each of these dips before it goes up. Nothing serious just back to the lowest candle in wedge break out.
07.26.2021
Harley Davidson will be a great rider next weekThe Big players market pressure for Harley Davidson is really good and the next week can reserve some surprises for the investors.
My advisor gave a LONG ENTRY signal at 46,23 with a target of 53,03 and this can be really a good opportunity for next days.
You can see all the signals generated by my algo advisor MarketMiracle visiting the website marketmiracleadvisor.com you can use them for free
Harley DavidsonSunday, 2 May 2021
21:55 PM (WIB)
Been a long time since take profit on HOG, when the price start falling I stop trades in this legendary motorcycles. But now, the price once more showing new downtrend at this time. I hope so. Several times HOG when has reached the the highest price and resistance, the price falling down so fast! What should I aware on this chart are there was several big loop gap. If this happen again and against my expectation, I'm loss.
Well, you will know what would happen if you're not try in deep, don't you thing so?
I will use small amount from my deposit to sell Harley Davidson from now on.
I'm on my way to 0.786 Fibonacci Retracement.
Music background by Chris Rea "The Road to Hell"
www.youtube.com
Best regards,
RyodaBrainless
"Live to Ride and Ride to Live"
Will the Harley Have a Short but Profitable Ride?Under normal conditions (which can change rapidly during this era that we're going through), Harley Davidson seems to be giving a trading opportunity based on the 15 min chart. Don't take this as an advice. Take a look at the 1 hour chart as well for a possible upcoming opportunity.
Harley Davidson - January 2021Tuesday, 26 January 2021
8:37 AM (WIB)
After broken resistance lines, Harley Davidson starts moving downtrend with direction to EMA50 Lines as Support or need confirmation after there.
The rising formation has a strong relationship and clearly easy to understand.
Best regards,
RyodaBrainless
"Live to Ride and Ride to Live"