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BIONANO GENOMICS, INCBIONANO GENOMICS, INCBIONANO GENOMICS, INC

BIONANO GENOMICS, INC

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BNGO trade ideas

BNGO Possible breakout"This is not financial advice; buy or sell at your own risk. BNGO had a descending triangle for the past couple of months, but I think the trend is over, and it's now in a consolidation period. A new triangle shape is forming towards an ascending triangle, especially after BNGO released their latest research paper on December 24, 2024. Keep an eye on their earnings report in March. BNGO is making progress in reducing production costs, and earnings are expected to be higher than usual. Additionally, BNGO forecasts offering maximum, average, and low estimates of $1.00." NASDAQ:BNGO
NASDAQ:BNGO
by amalshryf1990
BNGO possible breakout"This is not financial advice; buy or sell at your own risk. BNGO had a descending triangle for the past couple of months, but I think the trend is over, and it's now in a consolidation period. A new triangle shape is forming towards an ascending triangle, especially after BNGO released their latest research paper on December 24, 2024. Keep an eye on their earnings report in March. BNGO is making progress in reducing production costs, and earnings are expected to be higher than usual. Additionally, BNGO forecasts offering maximum, average, and low estimates of $1.00." NASDAQ:BNGO
NASDAQ:BNGO
by amalshryf1990
Need to check if today's candle closes with a hammer candleHello traders! If you "Follow" us, you can always get new information quickly. Please also click “Boost”. Have a good day. ------------------------------------- (BNGO 1M chart) It is renewing its low point by falling below the HA-Low indicator point of 6.49. Touching the HA-Low indicator point means that there is a high possibility of forming a low point. A decline from the HA-Low indicator point is likely to lead to a renewed low, but also a move to form a bottom. The 1M chart should be interpreted from a long-term perspective, so it is expected to show movement to form a bottom for a long period of time. (1W chart) The HA-Low indicator is falling, showing a stepwise decline. Accordingly, it is time to buy when it rises above 1.37 and shows support. (1D chart) When you see the 1M, 1W chart, you can see that it is absolutely not the time to start trading. Additionally, the 1D chart also shows that this is not the time to start trading. However, looking at the current candlestick, there is a possibility that the trend will change. Accordingly, you need to check whether it shows an up and down movement or sideways movement at the current price range. If it is supported and rises from the HA-Low indicator, it is likely to rise near the HA-High indicator. Therefore, if there is a swing up or down from the current price position, the HA-Low indicator will be created, and if it is supported by the created HA-Low indicator and rises above 1.08, there is a possibility of a short-term uptrend. In order to continue the upward trend, it is highly likely that the HA-High indicator and MS-Signal indicator must rise above. Therefore, the key is whether it can rise above the current HA-High indicator point of 1.75. However, since the psychological volume profile section is formed around 1.25, we must first check whether it is possible to break above this section. Have a good time. thank you -------------------------------------------------- - The big picture The full-fledged upward trend is expected to begin when the price rises above 29K. This is the section expected to be touched in the next bull market, 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (when overshooting) 4th: 13401.28 151166.97-157451.83 (when overshooting) 5th: 178910.15 These are points that are likely to encounter resistance in the future. We need to see if we can break through these points upward. Since it is thought that a new trend can be created in the overshooting zone, you should check the movement when this zone is touched. #BTCUSD 1M If the general upward trend continues until 2025, it is expected to rise to around 57014.33 and then create a pull back pattern. 1st: 43833.05 2nd: 32992.55 -----------------
NASDAQ:BNGO
by readCrypto
BNGO Pharma Huge FailBNGO has shown very negative performance, as this chart will demonstrate. Using the Cloud Trend Pattern Method has not yet shown an entry position, however this could soon revert. Keeping this one on my watch list for a possible +300% Upside, but as all Pharma will need a Catalyst. As always please get a few expert's advice before making any Trade or Investment choices. Whilst this Ticker can offer a great upside potential, it's only advised you test a small <1% position should you be interested. And, Smash that Rocket Boost button to show your appreciation for my Chart Study.
NASDAQ:BNGO
by hitchcoxg
9
BNGO Trading Strategy: Market Analysis and Profit TargetsStrong Support: BNGO presents a buying opportunity. Market Structure: The weekly chart shows the completion of impulse waves 1, 2, 3, 4, and 5, and now we are entering correction waves ABCD. Stop Loss: Set at the Fibonacci extension of 127.2 (equivalent to $1.10). Profit Targets: Fibonacci Retracement between 0.5 ($10.7) and 0.618 ($13). First Target: $10. Here, I suggest taking 20% of the profits. Second Target: $12. At this level, taking another 20% of the profits is recommended. Final Target: $24. This is the point where I recommend taking the largest portion of the profits, which is the remaining 100% of the position. PS: From my perspective, I plan to keep 20% of my position until it reaches $40. Risk Management: My strategy involves a clear plan for taking profits at various levels, aiding in risk management, and securing gains. Personal Opinion: This reflects my opinion, and I encourage others to consider taking profits in a staggered manner, as per my suggested levels. It's essential to understand that this is a personal viewpoint and strategy. Market conditions can shift unpredictably. Traders should do their own research and assess their risk tolerance before adopting any trading strategy. Please be aware that this analysis represents my perspective and is not professional financial advice. I am not a financial advisor. Each individual should research thoroughly and consider all risks before making investment decisions. Markets are inherently unpredictable, so informed and cautious trading is always advisable.
NASDAQ:BNGOLong
by MarketPax
9
BNGO Trading Strategy: Market Analysis and Profit Targets PART 2BNGO offers a strong buying opportunity with an anticipated price surge. Market Structure: The 2W chart reveals a completed bullish butterfly pattern XABCD. The yellow circle highlights the three instances of price explosions. Fibonacci Retracements: * X to A at 0.786 for point B * A to B ranging between 0.382 and 0.886 for point C * X to A at 1.272 for point D, serving as the Stop Loss * Stop Loss Range: between 1.272 and 1.41. Profit Targets: * 1TP (First Target Price): $14.46 * 2TP (Second Target Price): $20.35 * 3TP (Third Target Price): $27.16 * Final Target: $40 I've included an image of the monthly chart where the RSI (Relative Strength Index) and MACD (Moving Average Convergence Divergence) indicators are bullish. Notably, there have been three instances of bullish divergence coinciding with significant price increases. Currently, there's a bullish signal with the RedK EVERX crossing below -70 for the first time. On the 2W chart, the RSI is showing a bullish crossover, and the MACD has already crossed, further supported by the RedK EVERX crossing below -70. Risk Management: My strategy includes a structured plan for realizing profits at predetermined levels, which aids in managing risks and ensuring gains. Personal Opinion: This is my viewpoint. I recommend others to consider taking profits in a staggered manner, according to the levels I have outlined. Please note that this is a subjective analysis. Market conditions are prone to change unpredictably. Traders should conduct their research and evaluate their risk tolerance before implementing any trading strategy. Part 1: Please be aware that this analysis represents my perspective and is not professional financial advice. I am not a financial advisor. Each individual should research thoroughly and consider all risks before making investment decisions. Markets are inherently unpredictable, so informed and cautious trading is always advisable.
NASDAQ:BNGOLong
by MarketPax
BNGO 15min BNGO 15min trendline, breakout bearish pennant w/measured move $0.5954. $2.31 is next resistance and target price before continuation of correction. Correction to $0.47-$0.55. Retracement back to $2.31. Bionano Genomics, Inc. is a life sciences instrumentation company, which focuses on the genome analysis space. The firm engages in the development and marketing of the Saphyr system, a platform for ultra-sensitive and ultra-specific structural variation detection that enables researchers and clinicians to accelerate the search for new diagnostics and therapeutic targets and to streamline cytogenetics. Its products include Saphyr, Bionano Chips, Bionano Prep Kits, and Bionano Data Solutions. The company was founded by Han Cao in January 2003 and is headquartered in San Diego, CA.
NASDAQ:BNGOLong
by TheCryptoChartWhisperer
1
BNGO Down 90% in 1 YearBionaro Stock is down +-90% in 1 Year. Clearly a mismanaged Company from the market sentiment valuation. Can they give the market a surprise similar to other MEDICAL type Genome Stocks? To date there has been little information released on any marketing or social media, so we will have to wait for now. However - should they release positive information, this stock has the potential to perform a few x as seen of late with other similar tickers. A great example of why one needs to get out early or minimise RISK to less than 1% of your Capital. To Date there are NO signals on my 1 Year study to show any potential upside. Should you like my STUDY ANALYSIS - Please smash the Rocket Button. Regards Graham.
NASDAQ:BNGOShort
by hitchcoxg
8