Hello fellow traders. This is a quick and dirty analysis to catch the moment. BNGO has been taking a hard hit on this pullback. It is about to test the 50ema as support. Look for a bounce to place a trade. If that support doesn't hold, you may look to enter on the support of the 0 fib retracement level, where it bounced from on last week's selloff.
Safe trades and good luck!
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***The ideas shared here are my opinion, not financial advise to place trades. Please do your own research before buying/selling stocks***
Safe trades and good luck!
===If you get anything out of this TA, please hit the like button and/or follow for updates and new publications.===
***The ideas shared here are my opinion, not financial advise to place trades. Please do your own research before buying/selling stocks***
Note
The selloff continues. We are now on support of the 100ema:Note
After the selloff BNGO had a good recovery. It is now between the 50ema and 14 ema. There is a lot of overhead to be overcome before we can rally again. Keep an eye on a 14/21 ema bullish cross as well as a MACD bullish cross. Those will most likely signal the next rally.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.