Get started
BIONANO GENOMICS INC USD0.0001 (POST REVERSE SPLIT)BIONANO GENOMICS INC USD0.0001 (POST REVERSE SPLIT)BIONANO GENOMICS INC USD0.0001 (POST REVERSE SPLIT)

BIONANO GENOMICS INC USD0.0001 (POST REVERSE SPLIT)

No trades
See on Supercharts
Overview Financials News
Ideas
Discussions Technicals Forecast Seasonals

0A4K trade ideas

$BNGO #stock forming a textbook bull flag. Strap in 🚀BNGO (Bionano Genomics) is forming a textbook bull flag. This comes on the heels of a share offering, which is important. Share offerings dilute the value of the stock in the short term, but if general sentiment remains bullish, provides a buying opportunity for a takeoff after the retracement. Well, now we also have a bullish continuation pattern in the form of a bull flag, which sets us up beautifully because we don't have to guess. We can wait for a breakout or a rejection here. If we get rejected I'll be laddering my buys from $4.50 to $3.50. More prudent traders can just wait for a breakout or a breakdown of the pattern without even buying. It's all about not navigating these waters blindly. Patterns are our north star in this brutal game. Immediate targets in the case of a breakout are $7, but due to all of the fundamentals around this company I believe double digits is inevitable.
NASDAQ:BNGO
by TheTravel1ngTrader
7
Long BNGO - 200% or moreThis is a speculative play in the Genomics industry. The technology has great promise and getting a lot of hype and recognition recently. The risk is that they are not FDA approved and the company has cash issues. There may be a stock offering in the near future that will result in a stock price dip (-15 to 20%?) but it is only going to be even more bullish after the slight dip. Bionano has made a targeted hire of CMO back in August which suggests that they are serious for the journey to FDA approval of Saphyr. www.globenewswire.com Their product Saphyr is actually complementary to Pacific Biosciences NASDAQ:PACB , the largest stock in the portfolio of ARK Genomic Revolution ETF (ARKG). If 2021 goes well for Bionano we could even see $15-$20 or something similar to PACB. *RSI is above 90 which is way overbought - But this is not a technical play. May see a slight dip but I expect it to run up way higher
NASDAQ:BNGOLong
by trilliondollar
4