Consolidation in HeritageFood - Hourly Time Frame

Aug 31, 2023

The stock of HERITAGEFOOD is currently consolidating within a 1-hour timeframe. There is potential for a breakout in either direction. This situation presents a trading opportunity. The long-side target is at 275.8, with a stop loss set at the middle of the range, which is 249. On the short side, the target is 226.55, and the stop loss remains the same at 249. This configuration results in a risk-reward ratio of approximately 2.7 on both sides.