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 [...]
The RKDA (Arcadia Biosciences Inc) trade idea that was posted recently in the trading room as well as covered in Wednesday's Swing Trade Ideas video along with another follow-up post earlier today while testing the 6.58 resistance level, has exploded following the breakout above that key resistance level which came on the heels of yesterday's breakout & close above the primary downtrend line. One had to either be already positioned long or have been quick to enter or add-on to an existing position taken on yesterday's trendline breakout following today's break above 6.58 as RKDA exploded & never looked back, blowing [...]
The technical posture & outlook for both RKDA (Arcadia Biosciences) & XENE (Xenon Pharmaceuticals) continues to firm up since both stocks were most recently highlighted in the Swing Trade Ideas video posted on Wednesday. RKDA has gained about 20% from where it was highlighted (just below the downtrend line) in that video just two days ago with the stock currently flirting with the 6.60ish resistance level. Arcadia went on to make a breakout & solid close above the downtrend line yesterday on above-average volume, which helps to confirm the breakout above the downtrend line & minimize the chances that the breakout will [...]
Technical analysis on some of the swing trading ideas that stand out at this time including both official & unofficial trades on Right Side Of The Chart. The following trade ideas are (roughly) covered in this order: SPY, SOXX, UGAZ, XENE, RKDA, TNDM, RDUS, AOBC, MJ & cannabis stocks (update, not a trade idea at this time), IEF, TLT, XLE, ENDP, OMI, PTX, M & OREX. playback speed can be increased in the settings to reduce the duration of the video
As we've had a lot of official trade ideas closed out over the past month or so, my focus this week will be on finding new trade setups. This video covers a handful of fairly aggressive trade ideas with the potential for above average gains. Covered in this order are the following companies: XENE, RKDA, TNDM, RDUS & AOBC. All are unofficial trade ideas at this time although objective buy points, price targets & other key technical levels & developments to watch for are discussed. playback speed can be increased in the settings to reduce the duration of the video
Technical analysis on several potential long-side swing trading candidates followed by some statistics on the recent unusually low correlation between the S&P 500 & its 11 sectors. The following stocks are covered in this order: RKDA, RTK, MBII, CRUS, FOX, WMIH, MDT & EXK.
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