BNGO perspectiveIf we ignore the name and all the hype that this particular stock generated in the last weeks ,we can clearly observe a bullish and healthy trend all the way up.
BNGO trade ideas
Hottest Stock of 2021 thus farA friend mentioned this stock to me back when it was trading at 3$; I disregarded the trade. alas , here I am 200% later .
Kiss its channel top Friday and pulled back. I'm thinking it'll make another attempt (9.80) before pulling back to 7.74 then onward
BNGO will touch 6.5-7 and then continue to first target 10, 12BNGO will touch 6.5-7 and then continue to first target 10, might be braking out up to 12
bionano genomics stock AnalysiBased on Fundamental and Technical Analysis, the idea is to go long.
Bionano's symposium focused on the ability of its Saphyr optical genome mapping (OGM) system to analyze the genomes of people with diseases resulting from so-called genomic repeats, or repetitive sequences that can alter the function of genes.
NASDAQ:BNGO
$BNGO #stock forming a textbook bull flag. Strap in 🚀BNGO (Bionano Genomics) is forming a textbook bull flag. This comes on the heels of a share offering, which is important. Share offerings dilute the value of the stock in the short term, but if general sentiment remains bullish, provides a buying opportunity for a takeoff after the retracement. Well, now we also have a bullish continuation pattern in the form of a bull flag, which sets us up beautifully because we don't have to guess. We can wait for a breakout or a rejection here. If we get rejected I'll be laddering my buys from $4.50 to $3.50. More prudent traders can just wait for a breakout or a breakdown of the pattern without even buying.
It's all about not navigating these waters blindly. Patterns are our north star in this brutal game.
Immediate targets in the case of a breakout are $7, but due to all of the fundamentals around this company I believe double digits is inevitable.
$BNGO - biotech category$BNGO is in my list of biotech/genome stocks
It popped yesterday. Had some SEC pressure, I think I heard.
It is showing the new pattern I coined "chicken beak" that keeps breaking out in other stocks in the same category.
Picked up 100 commons while it was low yesterday and it went to boom town. Looking for a continuation.
Swing trading this one.
BNGO on hourly chart ... Predicting upsideAfter recent pull back in BNGO , hourly chart showed pocket pivot on 8th Jan ( see highlighted bar in yellow ) , next day it gapped up ...
Today last hour bar shows pocket pivot again ... I am guessing a gap up or go up further ...
Warning
This is not a financial advise ... Please do your own research for trading decission
either wedge for bulls or downward channel for bears if the wedge is bullish we can prolly see $8 plus
a lot of room to run on MACD and RSI
BNGO breakoutPrice retraced to the 0.618 fib (C) from B. A pennant flag is being formed. Looks like a breakout on the upside is about to happen in the next couple of days if it remains above the lower pennant trendline.
Bouncing off strong resistance- bullishIn falling wedge, likely breaking out soon. Notice the bounce off support. Everybody should have some genomic plays in their portfolio!
BNGO! Nasdaq Compliance #BULLISHAs a lot of people here know, Cathie Wood, CEO of Ark Investments, has been waiting to invest in BNGO. Tomorrow is the Nasdaq Compliance date. This means Cathie Wood and various institutions can finally invest in the stock. I got a pretty large position around $4.5, and I'm not selling below $10-$12.
BIONANO GENOMICS ($BNGO): SOON $10 🚀🚀🚀$BNGO can go ahead and hit $10 real quick.
Your comments are welcome.
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Legal disclaimer: I am not a financial advisor. The advice here given is not a financial advice even though my excitement might make it look like such. This account shouldn't be followed by anyone expecting something from me. You trade at your own risk and nobody can guarantee you results. Even if someone could, I don't.
Long BNGO - 200% or moreThis is a speculative play in the Genomics industry. The technology has great promise and getting a lot of hype and recognition recently.
The risk is that they are not FDA approved and the company has cash issues. There may be a stock offering in the near future that will result in a stock price dip (-15 to 20%?) but it is only going to be even more bullish after the slight dip.
Bionano has made a targeted hire of CMO back in August which suggests that they are serious for the journey to FDA approval of Saphyr.
www.globenewswire.com
Their product Saphyr is actually complementary to Pacific Biosciences NASDAQ:PACB , the largest stock in the portfolio of ARK Genomic Revolution ETF (ARKG). If 2021 goes well for Bionano we could even see $15-$20 or something similar to PACB.
*RSI is above 90 which is way overbought - But this is not a technical play. May see a slight dip but I expect it to run up way higher
way overboughtquick correction back to stabler levels; if you're long great buying opportunities abound
BNGO Bionano Genomics - 61.8% Fibonacci Retracement$3.90 (61.8% Fibonacci) is the critical support level the Bulls have to defend.
The Bears broke our first line of support level today at $4.54 (50% Fibonacci)
and $4.54 is now the resistance that the Bulls have to break in order to bring the price higher.
Good luck trading and May the Force be with You.
BNGO possible PennantBNGO in a bull trend,
Looking for an Entry after a pullback
PT 1. 5.55
PT 2. 7.0
PT 3. 8.0 + (Free Runner, possible hit 10.0)
BNGO BACK TO 7-9In this chart I've just outlined area of importance to this stock, possible levels it may make a decision; to pause before going up if down. I'm in this at 5.30 I could see this stock retracing it's highs and maybe pass them with increased volume from the meetings they are holding from 11-15. I'm not in this long just a 1-5 day swing. This could be a meme worthy stock.
just made a killing with this stock! thank you BNGO!! look for a rejection off all time highs as expected here, shorts have to eat and people have to take profits. look for some downside in the short term and dip entry around 3 again, goodluck! :) in the short term and dip entry around 3 again, goodluck! :)
BNGO was his nameO $6.24 is very strong and important support watch it. $7.18 is really strong resistance so we need to break above that to see $8 and then believe that support will be really strong. this stock is nuts and has a lot of good events coming up. good luck and happy trading I hope some people become millionaires off this.
