heidib

AQMS testing key 12 support, will it hold til Aug. ER or 10.65?

NASDAQ:AQMS   AQUA METALS INC
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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 a close below 12 today suggests we may def see 11 and possibly 10.65 tested again before the end of the month. I sold Jul. 12.5 puts for 1.85/c which were May 15s rolled out so would get assigned at 12.3 avg . as first entry. Waiting for dip < 11 to sell Aug. 10 puts to further reduce avg . on this but reluctant to load full position before ER on Aug. 8 since I haven't done enough due diligence on this one. I'll do some dd , see how it closes today and update next week:) beginner charting, thoughts welcome!

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