AQST – Red Daily Close After Controlled Momentum RunAquestive Therapeutics, Inc.NASDAQ:AQSTRendon1Ticker: 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.)