HRTG – 30-Min Long Trade Setup !📈 🟢
🔹 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
