Bionano Genomics, Inc.
Long

BNGO - FLAG - Enter on Pull-back

696
I was in this position on Thursday and rode the breakout on Friday. I didn't like the afternoon selling volume so I opted to move to cash. This is still a very strong setup. If the market continues its upward trajectory this upcoming week. This would be a good stock to enter on the pullback. Buyer volume was strong on breakout, selling volume was pretty heavy following breakout, but that's expected given the extended consolidation it just came out of. It's very possible price action could very briefly bounce off of the upper trendline before making new highs. Target $16 if continuation of trend holds.

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