BNGO
Bionano Genomics - BNGO - Trending higher?Bionano Genomics - BNGO - Trending higher? B-I-N-G-O! Above 61.8 fib and Moving Averages
BNGO - GAP FILL DONE"There are currently no clear chart signals.
On the one hand, we have the gap at 6.87. On the other hand, we have solid support at 7.50.
The following applies:
I would like to fill the gap. But that is not a must have. However, if we don't fill it, it acts like a magnet. A break below 7.50 would give an initial signal that the market would fill the gap. We have to close above 8.20 and build strength there. Then the probability of the gap fill scenario decreases."
A few weeks ago I mentioned that the probability for a gap fill is high. AND HERE WE GO!
Targets above:
$ 9.00
$ 10.46
--> ATH $ 15.66- 20$
BNGO - close above 8 = bullish signalClose above 8 USD would be a strong signal. Then we can attack 8.20 & my fibo targets above again! If we continue to go down slowly & and see price action below 8$ the probability for a gap close increases (6.87).
BNGO - the situation is not clear There are currently no clear chart signals.
On the one hand, we have the gap at 6.87. On the other hand, we have solid support at 7.50.
The following applies:
I would like to fill the gap. But that is not a must have. However, if we don't fill it, it acts like a magnet. A break below 7.50 would give an initial signal that the market would fill the gap. We have to close above 8.20 and build strength there. Then the probability of the gap fill scenario decreases.
Targets above:
$ 9.00
$ 10.46
--> ATH $ 15.66- 20$
BNGO - UPDATE BNGO:
The situation is still ambiguous. On the one hand, we have the gap at 6.87. On the other hand, we have solid support at 7.50.
The following applies:
I would like to fill the gap. But that is not a must have. However, if we don't fill it, it acts like a magnet. A break below 7.50 would give an initial signal that the market would fill the gap. On the other hand, I also see up signals. If its go up from here, we have to come above 8.20 and build strength there.
Targets above:
$ 9.00
$ 10.46
--> ATH $ 15.66- 20$
On Balance Volume Use CasesTCON
BNGO
ONTX
$TCON daily chart. January 16 2020 traded half it's float.
March 2020 - Covid
3/16 to 8/27 Consolidation and huge block orders.
Notice how regardless of the price, OBV is climbing higher and higher steps up, 1 step back 2 steps forward. Simple addition then subtraction rules apply and add and subtract green/red days volume for weighting.
Then 8/17 TCON traded nearly twice it's float and laid dormant for close to a week. Despite many daily candles being red (faded) OBV jumped up from 12M to 30M overnight...
$TCON then ran from $1.50s to $12.30 over the next few months.
After look.
$BNGO same story.
After.
$ONTX insane gap fill off a phase 3 failure.
After.
Overall, if obv doesn't look like this I rarely enter trades long term unless its an intraday position or possible swing. I'll have more examples coming. Good luck and I hope this was useful.
BNGO - UPDATE Hey guys ...
We cannot ignore this price action. The chart has developed a huge gap and has moved very unnaturally. WSB ..
The chart is not very clear to me. Can you still remember 7.50? That was an intermediate target of mine, which was overrun in the gap up. Today exactly this level served as support after we filled the gap at 8.37 and fell below it.
There is a problem for me. I'm not a fan of huge gaps because they always act like a magnet. And what do we have in the chart? A huge gap (around 6.87). There is still a risk that the market will want to fill this gap. Today we saw the first down movement. We have two options:
1. We fill the gap and build strength again from there. That would mean we'll see prices again at 6.87.
2. We gain strength from the 8 dollar support and reach the targets above. The further we get away from the gap, the better. So the situation remains interesting. I'll keep you up to date.
Bionano Genomics is doing a thing. NASDAQ:BNGOA strong impulse is currently unfolding and there is sizeable momentum behind the main wave. There is quite a lot of confidence from our side that we are to reach our Fibonacci goals. The masses are making this one burst.
Remember, this is not financial advice. You must do your own research and carefully make decisions for yourself by yourself. We love TA and do not provide individually tailored financial advice, or financial advice period.
Now that aside, Fibonacci in crystal clear green and invalidation noted, as always, in red. Good luck out there.
BNGO ON THE MOVEbngo moving above resistance short and long term
setting up for continuation of longer trend
IMO
not financial advice
BNGO - Bingo, lets win the prize! 🎁-Investors in Bionano Genomics (NASDAQ:BNGO) Monday morning are picking up where they left off on Friday, boosting the shares of what has become the latest meme stock focus. BNGO stock has surged more than 15% in pre-market trading, after gaining more than 9% to end last week.
-What’s behind the move? Likely it’s the continued sentiment from the Reddit r/WallStreetBets crowd, where there’s been a 16.2% increase in mentions in the last 24 hours, according to sentiment tracking sites.
-To be sure, Bionano did have some news out earlier today, with its announcement of the hiring of a new chief commercial officer. Industry veteran Jason Priar is taking on the role, bringing with him a number of years of experience working with labs that perform genome analysis in cancer and genetic diseases.
-He will lead the genomics firm’s commercial teams across the platform and services businesses to drive sales and market access with third-party payors.
-In the case of Bionano, the percentage of this company’s shares sold short sits just above 13%.
-Typically, companies with short interest ratios around 20% or higher are better targets. However, enough attention given to one specific stock could drive the price up to a level where others feel enticed to take the other side of the trade. Such a scenario could result in a self-fulfilling prophecy where this company’s short volume ratio goes up.
BNGO - WEEKLY UPDATE That was a strong week.
Basically we broke out of the downtrend channel . An upward trend has been evident since that point.
Now the following applies:
Upwards it becomes a little more difficult --> More resistance zones
- Our goal was to get buying power in the 4-5$ range - that was successful:)
- We also had our phase of consolidation & Daily hammer Candle as an uptrend signal
All targets have been achieved so far.
Current targets (intermediate)
Support:
$ 6.66 - 6.70
$ 6.10 - 6.20
Targets & resistance zones
$ 7.50
$ 8.00
$ 9.00
$ 10.46
--> ATH $ 15.66- 20$
45min chart:
BNGO - UPDATEA very strong day for BNGO.
Brief overview of my last analysis:
"BNGO remains strong. Today bngo took a little breath and touched exactly my 0.5 retracement to gain strength afterwards. A daily close above 6.20 was important to me. The chart forms a nice trend and points in the right direction. The following targets are relevant for me:
- 6.35 small resistance
- Then 6.50 to reach my between target at 7.00.
- 7.46 is my main target. Strong resistance is to be expected there. But the chart is on the right way;) "
Old chart:
I think we can be very proud of ourselves today. All targets were reached. From now on the upward trend is confirmed.
My target today:
A close above 7:00 would be amazing.
I'll keep you up to date!
H3:
$BNGO 1hr tf update: possible target $BNGO 50% -65% retest. possible bounce is expected to reach a new target. Upon reaching the target, possible handle is expected.
WallStreetBets and ARK invest use same PUMP???If anyone uses the same pattern of behavior it becomes easy to detect it. I remember the very first time I found similarities between Crisper and NASDAQ:TSLA Tesla, then similarities between NASDAQ:AQB and NASDAQ:BNGO . there are many different companies with the same price pattern and the missing part of the chain was always ARK invest..!
Look at Ford NYSE:F Volume Pattern:
Tesla and Crisper:
AQB and BNGO:
I don't think I'm delusional..!
Ever since I found Bill Hwang was the person who provided the seed money for the first 4 Thematic ETFs of ARK investment, I think anything could have been done by them! I became more suspicious when reading Cathie woods interview:
"He did provide the seed for our first four ETFs, and we were very grateful to him. It was at a time where market makers were sick of seeding new strategies,"
Wood said she had sent Hwang a note "wishing him well" after the Archegos collapse. Wood said she had no idea if Hwang had remained a shareholder in Ark ETFs.
Who is Bill Hwang?
The CEO of the Archegous family office with a Brilliant financial history!
He'd been accused of insider trading by U.S. securities regulators or that he pleaded guilty to wire fraud on behalf of Tiger Asia in 2012.
The SEC maintained its prohibition on Hwang managing money for clients, preventing him from getting back into the hedge fund game.
Do you know the meaning of Archegos?
Archegos is a Greek word that means one who leads the way.
I will not wonder if it turns out Cathie Wood was led by Bill Hwang in the past 7 years.
Do you think it is possible Cathie Wood Doesn't know Bill Hwang is still a shareholder in ARK investment or not? the very same guy who provided the seed money..!
Reference:
www.yahoo.com
www.bloomberg.com
BNGO UPDATEBNGO remains strong. Today bngo took a little breath and touched exactly my 0.5 retracement to gain strength afterwards. A daily close above 6.20 was important to me. The chart forms a nice trend and points in the right direction. The following targets are relevant for me:
- 6.35 small resistance
- Then 6.50 to reach my between target at 7.00.
- 7.46 is my main target. Strong resistance is to be expected there. But the chart is on the right way;)
H4:
BNGO - solid day That was another solid day for bngo. The chart shows an uptrend signal to me. The close above 6.20 was important today. I`ll keep you up to date!
$BNGO Update, Clean Bullish Green Candle for Reversal I believed BNGO was a buy near 5$, and today is it showing very strong momentum towards the upside approaching my first $7 target, insider activity has also been very heavy within the past week, and i expect to see this trading much higher in the coming months with this breakout.
