Wednesday reached the pinnacle of fear in Aqua Metals stock, as it traded down for what seemed like the 20th straight day. When the market is making you question your sanity, it’s time to buy.
Since Wednesday morning, AQMS has been heading nicely higher. Technical traders have informed us that Wednesday’s reversal was a “Hammer” formation. Regardless of the term used to describe it, we have seen a great reversal and AQMS shares look to have finally washed out from the recent rout and appear to be heading higher.