📈🟢
🔹 Asset: Redwire Corporation (RDW – NYSE)
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Rising Wedge Breakout + Retest
📊 Trade Plan – Long Position
✅ Entry Zone: $10.16 (Breakout of wedge + key level reclaim)
✅ Stop-Loss (SL): $9.47 (Below structure & trendline support)
🎯 Take Profit Targets:
📌 TP1: $11.13 – Prior resistance area
📌 TP2: $12.19 – Strong supply zone
📐 Risk-Reward Calculation:
🟥 Risk: $0.69/share
🟩 Reward to TP2: $2.03/share
📊 R/R Ratio: ~1 : 2.9 – Attractive swing opportunity
🔍 Technical Highlights
📌 Breakout from rising wedge resistance ✔
📌 Tight consolidation just below yellow level before breakout ✔
📌 Multiple higher lows signaling bullish momentum ✔
📌 Volume pushing higher with breakout ✔
📉 Risk Management Strategy
🔁 Move SL to breakeven after TP1
💰 Book 50% profits at TP1
🚀 Let remaining ride toward TP2
🚨 Setup Invalidation If:
❌ Price closes below $9.47
❌ No continuation on volume breakout
❌ Rejection from $10.50–$11.00 range
🔗 Hashtags:
#RDW #BreakoutSetup #SwingTrading #NYSE #ProfittoPath #WedgePattern #ChartBreakout #SmartMoneyMove #RiskReward #TechnicalAnalysis
🔹 Asset: Redwire Corporation (RDW – NYSE)
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Rising Wedge Breakout + Retest
📊 Trade Plan – Long Position
✅ Entry Zone: $10.16 (Breakout of wedge + key level reclaim)
✅ Stop-Loss (SL): $9.47 (Below structure & trendline support)
🎯 Take Profit Targets:
📌 TP1: $11.13 – Prior resistance area
📌 TP2: $12.19 – Strong supply zone
📐 Risk-Reward Calculation:
🟥 Risk: $0.69/share
🟩 Reward to TP2: $2.03/share
📊 R/R Ratio: ~1 : 2.9 – Attractive swing opportunity
🔍 Technical Highlights
📌 Breakout from rising wedge resistance ✔
📌 Tight consolidation just below yellow level before breakout ✔
📌 Multiple higher lows signaling bullish momentum ✔
📌 Volume pushing higher with breakout ✔
📉 Risk Management Strategy
🔁 Move SL to breakeven after TP1
💰 Book 50% profits at TP1
🚀 Let remaining ride toward TP2
🚨 Setup Invalidation If:
❌ Price closes below $9.47
❌ No continuation on volume breakout
❌ Rejection from $10.50–$11.00 range
🔗 Hashtags:
#RDW #BreakoutSetup #SwingTrading #NYSE #ProfittoPath #WedgePattern #ChartBreakout #SmartMoneyMove #RiskReward #TechnicalAnalysis
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.