RKDA (Arcadia Biosciences Inc) will trigger a long entry on any move above 2.47 with a suggested stop below 2.10 (or higher if only targeting T1). The entry on a move above 2.47 was set somewhat above this primary downtrend line/symmetrical triangle pattern in order to help reduce to odds to going long on a false breakout, due to the volatile nature of this stock.
RKDA daily Aug 25th
As an unprofitable, low-priced micro-cap stock, RKDA should be considered an aggressive trade and passed on if this type of above-average risk trade does not mesh with one’s risk tolerance, trading style & objectives. Arcadia Biosciences is an agricultural biotechnology trait company located in Davis, California. A more through description of the company, along with their financials & other fundamental data can be found by clicking this link (the company summary at Yahoo Finance) or the company website here.
With the potential for above average returns & over an extended period of time, RKDA will be listed as both an official Long Trade Setup (i.e.- a swing trade) as well as a Long-term Trade Setup, with the possibility of additional price targets, assuming this trade triggers an entry & depending on how the charts play out from there.