Looks like AQMS was trying to establish support around 17.65 after good Feb. ER, but totally broke down through 3 support levels after reporting May ER loss, testing 10.65 and finding resistance at 13.37 area. Seemed like it was finding support at 12 level but now looks like it's testing it. Will 12 hold til Aug. 8 ER or will it break toward 10.65 again. I'd guess...
Though H & S Top have high failure rate, their measured moves CAN be precise. Bulls want to see a reversal soon with this stock.
A wedge break may suprise shorts in run to earnings within a week. Conversely, bulls may be disappointed with unreasonable expectations. Many factors are in play for this potential industrial disruptor. Among elements of importance for this quarter are initial revenues, gameplan execution and key news and anouncements.
current prices reflect 61.8 Fib Retracement from breakout gap Bulls would like to see a reversal here. Bears would prefer the over obvious H&S top with a gap fill climax. What do the odds favor?
AQMS is a nice Flag formation. We discussed in the valentine day trading alerts. This is a nice opportunity from $17 to $1 * Trade Criteria * Date first found- February 14, 2017 (Discussed in Valentine day Trading room) Pattern/Why- Flag formation Entry Target Criteria- Break of $17 Exit Target Criteria- $19 Stop Loss Criteria- N/A Please check back for...
There still may be a buy and hold option, or an 'investment' in old school speak.
good digestion of low float stock with LOW BETA, good in current rising risk environment, fundamental story continues to develop, good company with strong holders, look for offers to dissipate and further annouoncements of corporate progresss toward goals.
wedge break may produce another powerful move higher, original note dtd 5/18
new technology in an old industry, lead acid battery recycling. Unglamorous, but necessary and economically viable with positive 'green' twist. Not investment advice, do your own due diligence.