Buying the bottom of Fresh Del Monte
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This is a long-term trade with investment potential.
The strategy is to buy FDP at the very bottom. I envisage 2 main scenarios.
Scenario 1 - the bottom is in place. In this case, I will hold on to the trade and
EXIT STRATEGY will be when the price hits 100MA and then 50% retracement with subsequent reentering the stock at lower levels
Scenario 2 - the stock will hit SL and will decline to 22.5 where I will buy it back with Limit Order.
Allocating 0.3% of total portfolio risk to this trade.
The strategy is to buy FDP at the very bottom. I envisage 2 main scenarios.
Scenario 1 - the bottom is in place. In this case, I will hold on to the trade and
EXIT STRATEGY will be when the price hits 100MA and then 50% retracement with subsequent reentering the stock at lower levels
Scenario 2 - the stock will hit SL and will decline to 22.5 where I will buy it back with Limit Order.
Allocating 0.3% of total portfolio risk to this trade.
Nota
Will reenter the stock @23.6 because it is in the strong supply zone and indicators keep diverging
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🌏 energeiacharta.com
⏱️ Timely updates of WTI, Gasoil, NatGas charts explaining every twist
🗃️ Extensive analysis archives
📏 Chartopedia, with examples of applying ElliottWave to real world charts
Penafian
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