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BNGO

$BNGO can reach possible reversal point soon! Previous days, we saw massive correction on markets, that made BNGO follow overall market sentiment, which somehow made the stock change its direction from short-term price targets ( Targets which were strengthened by company news, technical indicators, trendline analysis, and Elliot waves analysis). During downtrend, stock reached its weekly support on EMA's and bounced back. For now we see possible reversal and breakout points to be watched. BNGO finished patenting its product and also acquired sales strategy and lots of positive news are dropped around it. Maxim analyst Jason McCarthy that was an early champion of the cytogenetics specialist, he believes the platform is in the early stage of its usage and its potential is only stating to be recognized, one month after he updated current trend price target to 14$ once again. Check Bngo official website for all the main news. Currently on 4h chart, we see BNGO is under 50MA but above 100MA, which explains its situation a lot. We see main break out line and areas that needs to be watched are highlighted on the chart. The price first needs to break out from current main resistance that it will meet soon. If happens so, MACD and 50MA will react on it instantly giving buy signals. Later if other resistances are broken easily we can see price going higher and higher. If it doesn't go bullish FOR SHORT TERM because of market situation, again same areas can act as supports. + Also keep in mind to watch overall market and economical situation if you are holding BNGO for short period. not financial advisor// do your DD
NASDAQ:BNGOLong
by UnknownUnicorn10617434
Don’t waste time trading cryptos, Stock is the Hottest market!You may not believe it but I published several intermarket analysis that could be a learning opportunity for avid traders and investors. Most Bitcoin traders and investors think they have the best performance with 254% gain since November 2020. But they will become depressed if they check the Bitcoin miners stocks performance such as RIOT(+1400%),MARA (+1730%), or a biotechnology company BNGO(2640%) gain in the same time period..! Seems unbelievable, but I published my analysis on RIOT @3.87, MARA @2.37 and BNGO @0.52 ..! Please check the related topic and judge yourself! There lots of opportunities if you know how to pick the correct stocks.
BITSTAMP:BTCUSDEducation
by Moshkelgosha
12
LONG BNGO FLY!Hello everyone, according to Elliot waves analysis, we are currently leaving Elliot wave 4, which was in the form of symmetrical triangle, our fifth wave will land approximately at 17-19$-21$.. so short term target is around that area. Good luck everyone😌🚀🚀🚀 Note: This is Elliot's impulsive wave, that came into fib retracements in a very bullish way retracing so correctly.. consolidation that happened during 4th wave generally is always in triangle form, 5th sub wave of triangle was finished yesterday.. so today we had to have breakout.
NASDAQ:BNGOLong
by UnknownUnicorn10617434
19
$BNGO about to break out of symmetrical triangleHello fellow traders. Bngo has been in an accumulation pattern for a few weeks now. This stock is in a massive uptrend and has been a major gainer in my swing trades/portfolio. It bounced twice from the .236 fib level and is now on the cusp of breaking out of the symmetrical triangle; hopefully bullish. The ten days it has been in accumulation gave the emas some time to catch up after that incredible bullish run so now the 14ema is "only" about 10% below the current price and could be support (in addition to the fib level) in case the price falls. I hold this for the long term and keep trading when the opportunities present themselves. This may be one of them. Safe trades! Show your love: If you get anything out of this TA, please hit the like button so other can find this analysis quicker. Follow for more: If you want the best entry/exits just follow me, you won't regret. Thanks a lot! ***The ideas shared here are my opinion, not financial advise to place trades. Please do your own research before buying/selling stocks***
NASDAQ:BNGO
by Safe_Trades
16