$BNGO headed toward the 50ema
Updated
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***
Comment
The selloff continues. We are now on support of the 100ema:Comment
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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