📈 🟢
🔹 Asset: Heritage Insurance Holdings, Inc. (HRTG – NYSE)
🔹 Chart Pattern: Rising Wedge Breakout + Retest
🔹 Timeframe: 30-Minute
📊 Trade Plan – Long Position
✅ Entry Zone: $18.86 (Breakout above wedge + yellow level reclaim)
✅ Stop-Loss (SL): $18.03 (Below wedge base & recent structure)
🎯 Take Profit Targets:
📌 TP1: $19.57 – Resistance zone near wedge top
📌 TP2: $20.48 – Major horizontal resistance
📐 Risk-Reward Calculation
🟥 Risk per share: $0.83
🟩 Reward to TP2: $1.62
📊 R/R Ratio: ~1 : 1.95 – Moderate reward, tight risk
🔍 Technical Highlights
📌 Clean breakout from wedge resistance
📌 Retest candle around yellow reclaim zone ✔
📌 Steady higher highs and higher lows = strong momentum
📌 Channel support aligning with structure
📉 Risk Management Strategy
🔁 Shift SL to breakeven after TP1 hit
💰 Partial profit at TP1 to secure gains
🚀 Hold runner for TP2 with trailing stop if volume supports
🚨 Setup Invalidation If:
❌ Price closes below $18.03
❌ Bearish engulfing rejection near $19.50
❌ Weak volume follow-through or false breakout signs
🔹 Asset: Heritage Insurance Holdings, Inc. (HRTG – NYSE)
🔹 Chart Pattern: Rising Wedge Breakout + Retest
🔹 Timeframe: 30-Minute
📊 Trade Plan – Long Position
✅ Entry Zone: $18.86 (Breakout above wedge + yellow level reclaim)
✅ Stop-Loss (SL): $18.03 (Below wedge base & recent structure)
🎯 Take Profit Targets:
📌 TP1: $19.57 – Resistance zone near wedge top
📌 TP2: $20.48 – Major horizontal resistance
📐 Risk-Reward Calculation
🟥 Risk per share: $0.83
🟩 Reward to TP2: $1.62
📊 R/R Ratio: ~1 : 1.95 – Moderate reward, tight risk
🔍 Technical Highlights
📌 Clean breakout from wedge resistance
📌 Retest candle around yellow reclaim zone ✔
📌 Steady higher highs and higher lows = strong momentum
📌 Channel support aligning with structure
📉 Risk Management Strategy
🔁 Shift SL to breakeven after TP1 hit
💰 Partial profit at TP1 to secure gains
🚀 Hold runner for TP2 with trailing stop if volume supports
🚨 Setup Invalidation If:
❌ Price closes below $18.03
❌ Bearish engulfing rejection near $19.50
❌ Weak volume follow-through or false breakout signs
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.