The RKDA (Arcadia Biosciences) trade idea covered in last week’s Swing Trade Ideas video blew by T3 like it wasn’t even there today with the stock now up 232% since the trendline breakout just 2 trading sessions ago. RKDA is now trading just above the 17.11 resistance level where a reaction is likely with the strong momentum most likely briefly causing the stock to overshoot that level. Should the stock manage to close above 17.11 or continue to rally above it today, the next & most likely final resistance level before a meaningful correction in the stock would be the 22 area, which is where the upper-most resistance line from last week’s video was labeled (22.09).
click first chart to expand, then click anywhere on right of each expanded chart to advance to the next image