Stock Analysis: HNRG (Hallador Energy Company)📊 Stock Analysis: HNRG (Hallador Energy Company) – 30-Min Chart
📉 Setup Type: Rising Wedge Breakdown (Bearish Reversal)
🔻 Trade Plan (Short Position)
✅ Entry Zone: Below $12.56 (Breakdown Confirmation)
✅ Stop-Loss (SL): Above $12.92 (Key Resistance Level)
🎯 Take Profit Targets (TPs)
📌 TP1: $12.00 (Support Level)
📌 TP2: $11.54 (Key Demand Zone)
📌 TP3: $11.00 (Major Support & Psychological Level)
📊 Risk-Reward Ratio Calculation
📉 Risk (SL Distance):
$12.92 - $12.56 = $0.36 risk per trade
📈 Reward to TP1:
$12.56 - $12.00 = $0.56 (1:1.55 R/R)
📈 Reward to TP2:
$12.56 - $11.54 = $1.02 (1:2.83 R/R)
📈 Reward to TP3:
$12.56 - $11.00 = $1.56 (1:4.33 R/R)
✅ Favorable Risk-Reward Ratio with strong downside potential!
🔍 Technical Analysis & Strategy
📌 Rising Wedge Breakdown: Price is breaking below a bearish wedge pattern, signaling weakness.
📌 Key Resistance Holding: $12.92 acts as a strong rejection zone, reinforcing downside potential.
📌 Volume Confirmation: Increasing sell volume confirms bearish sentiment.
📌 Momentum Shift: Loss of upward trend momentum suggests possible trend reversal.
📉 Trade Execution & Risk Management
✔ Wait for Confirmation: A 30-min candle close below $12.56 strengthens the breakdown.
✔ Adjust Stop-Loss: Move SL to break-even ($12.56) after hitting TP1 ($12.00).
✔ Partial Profit Booking Strategy:
✔ Take 50% profits at TP1 ($12.00) and let the rest run toward TP2 & TP3.
✔ Adjust Stop-Loss to Break-even ($12.56) after TP1 is reached.
⚠️ Risks & Considerations ❌ Fake Breakdown Risk: If price reclaims $12.56, the short setup could be invalidated.
❌ Market Conditions: Low-volume breakdowns may lead to a bounce.
🚀 Final Thoughts ✔ Bearish Setup – Strong downside potential.
✔ Rising Wedge Breakdown – High confluence setup.
✔ Favorable Risk-Reward Ratio – 1:4.33 toward TP3.
💡 Stick to the plan, manage risk, and trade smart! 🚀📉
🔗 #HNRG #ShortTrade #BearishBreakdown #TradingView #ProfittoPath 💰📊
