With volume drastically tapering off following the early session high-volume breakout, RKDA fell back down below the trendline & exceeded the suggested stop below 2.10 yesterday. Although snapping back today, until & unless RKDA takes out Tuesday’s high of 2.48 along with a confirmed rally in the ag sector, the near-term outlook for this stock remains unclear. RKDA will be moved to the Completed Trades category but the stock will remain on my radar for another possible long-side trade, should the charts of both RKDA & related agricultural stocks confirm.
RKDA daily Sept 2nd