AQST – Red Daily Close After Controlled Momentum Run

Ticker: AQST (Aquestive Therapeutics)
Float: ~54 M shares
Market Cap: ≈ 230 M USD
Recent Move: +50 % run from $4 → $6
Type: Mid-float red daily close setup

🧩 Thesis

AQST has been climbing for several sessions, gaining over 50 % from the $4.00 base.
Now the chart printed a red daily close after a multi-day green streak — showing that momentum is slowing and profit-taking pressure is starting to appear.

This is a technical fade setup on a mid-float name — not a parabolic blow-off, but a controlled reversal opportunity if the stock fails to reclaim its highs.

🔑 Key Levels

$6.10 – 6.20: Local top and risk zone

$5.50: First retrace target (≈ 30 % of the run)

$5.05: Second target (≈ 50 % retrace)

$4.60: Deep-fade target (≈ 70 % retrace)

🎯 Trading Plan
Scenario – Red Daily Close Short

Confirmed red daily close after an extended move.

Watch for a weak open or lower high below $6.00–6.10.

Entry: short the rejection under $6.00 once intraday weakness confirms.

Risk: stop above $6.20 (previous day’s high).

Targets:

T1 → $5.50 (cover ⅓)

T2 → $5.05 (cover ⅓)

T3 → $4.60 (runner if trend accelerates)

⚠️ Risk Notes

Float ≈ 54 M → moves are smoother but slower than low-float names.

Wait for confirmation of weakness, not just a single red candle.

If price reclaims and holds above $6.20, invalidate the setup.

🧭 Summary

AQST’s red daily close marks the first sign of exhaustion after a steady uptrend.
With moderate float and clean technical structure, the logical fade zone lies between $5.50 – $4.60, depending on how volume contracts.
A steady, disciplined short opportunity — not a panic-style move.

(Educational use only — not financial advice.)