Suppressed salmon prices to force MOWI ASA to 165 NOK?

MOWI ASA (MOWI) is the world's largest producer of Atlantic salmon with operations in Canada, Chile and Europe. Being a salmon producer, the company is highly sensitive to the price of salmon. The price of salmon has been decreasing in 2020 and now trades at circa 5.15 euros per kilogram of salmon. The suppressed salmon price should affect revenues negatively which, short term, could press the stock price down further.

Trend, stop loss and price target
I believe a trend has formed from the June high 2020 to present date. If this belief is accurate, the trend line should act as a good place for a stop loss at 179.50 Norwegian crowns (NOK).
In the same spirit, I set my price target at the July lows of 165.15 NOK.

Risks

• Increase in salmon price (for example due to speculation) while MOWIs sales remains high.
  
• Decreased global salmon production while MOWIs production remains high.
  
• Increased demand of salmon, for example due to markets opening up for MOWI.
  

Opportunities

• Decrease in salmon price.
  
• Decreased production, for example due to disruption in production.
  
• Trade restrictions, for example due to virus outbreak.
  

Trade active

Trade closed manually