RDW – Redwire Corporation – 30-Min Long Trade Setup !:
📈 🚀
🔹 Asset: RDW (NYSE)
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Falling Wedge Breakout + Base Formation
📊 Trade Plan (Long Position)
✅ Entry Zone: Around $8.90 (wedge breakout + price base confirmation)
✅ Stop-Loss (SL): Below $8.40 (structure support & risk protection zone)
🎯 Take Profit Targets
📌 TP1: $9.37 (immediate resistance / consolidation zone)
📌 TP2: $10.17 (major resistance / recovery target)
📊 Risk-Reward Ratio Calculation
📉 Risk (SL Distance):
$8.90 - $8.40 = $0.50 risk per share
📈 Reward to TP1:
$9.37 - $8.90 = $0.47 → (0.94:1 R/R)
📈 Reward to TP2:
$10.17 - $8.90 = $1.27 → (2.54:1 R/R)
🔍 Technical Analysis & Strategy
📌 Falling Wedge Pattern: Tight consolidation with descending resistance broken
📌 Base Forming at Support: Price stabilizing above $8.40
📌 Breakout with Reaction: Bullish breakout confirmed by yellow zone retest
📌 Oversold Setup: Downtrend exhaustion with reversal potential
⚙️ Trade Execution & Risk Management
📊 Confirm bullish momentum after breakout close
📉 Trailing Stop Strategy:
Shift SL to breakeven after TP1 is hit
💰 Partial Profit Booking Strategy
✔ Book 50% at TP1 = $9.37
✔ Let the rest ride toward TP2 = $10.17
✔ Adjust SL to protect gains
⚠️ Breakout Failure Risk
❌ Setup invalidated if price breaks below $8.40
❌ Avoid chasing — wait for confirmation candle
🚀 Final Thoughts
✔ Classic falling wedge breakout after strong sell-off
✔ Defined structure with potential for trend reversal
✔ Attractive upside with 2.5:1 R/R on TP2
🔗 #RDW #NYSE #BreakoutTrade #ProfittoPath #SwingSetup #StockMarketMoves #TechnicalTrading #FallingWedge #BullishReversal #SmartTrading
