Buying the bottom of Fresh Del Monte

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.

Comment:

Will reenter the stock @23.6 because it is in the strong supply zone and indicators keep diverging