The RKDA (Arcadia Biosciences Inc) swing trade setup that was posted yesterday has triggered a long entry on a breakout above 3.80. As of 10:30 am EST, the stock has traded 62k shares which means that the stock is currently tracking to do 403k shares vs. a 90-day average volume of 116k shares (i.e.- well above the 1.5x or better average volume that I like to see to confirm a long-side breakout).
RKDA daily Jan 16th
This is still a very aggressive trade & by no means does above average-volume assure that a breakout won’t fail. The parameters & additional risk disclosures for this trade can be viewed here. Please note that I will be away from my desk until around 2pm EST today & will reply to any questions when I return.