nerd alert$BNGO genomic data crunchers, DNA imaging. These guys are basically the backbone to de novo genome assembly researchers to what copy machines were to offices in the 1980s.
BNGO trade ideas
$BNGO headed toward the 50emaHello 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***
$BNGOCould be looking at support on the daily at 7.47ish. If that breaks there are gaps to fill from the original run up. If your long just sit and forget about it for awhile. I see a false pop and drop after the CEO speaks today. Probably wont be much volume to sustain do to the over all market. IMO
BNGOAnother bloody day for the whole sector. If it closes on a C wave, i'm adding more. The C wave is on 21 weekly EMA, that's 6.33$
I don't see any Institutional ownership sell off's on Fintel, and the volume is relatively small. ( we won't see any institutional purchases until the earnings call)
CFO stated that 8k release date and conference call will be announced in less than 1 week.
While it’s impossible to know if BNGO’s share price will jump, dump, or flatline once earnings are announced and statements are made, but for now i think it's a good entry to carefully averaging in, and follow the price action as well as the whole situation in the market.
Best of luck!
BNGOIm long BNGO, RSI finding support, MACD cross possibly crossing back over, also i like the doji candle right at the 200 SMA. Some volume could send this thing into a very nice recovery.
$BNGOBounced of the 50 MA, need to hold that and finish above. Tomorrow with the CEO presenting could be a good catalyst. Need a good earning report as well.
BE PATIENT WITH THESE GROWTH STOCKS my average on BNGO is about $5.50 and i'll be damned if i'm selling
i love this company they just got hit a little harder than other growth stocks
i see a pennant that i believe will go to upside
nothing about the company changed for worse they're very good
genomics are great i feel like people forgot abt BNGO and it makes me sad. still holding!
$BNGOLooking for a bounce off 9.40 for the double bottom. If it breaks 9.40 it could move way lower. I'm thinking with the catalyst this week we could easily get the bounce.
And BNGO was his name-oI'm overall bullish on genomics as a sector. ARKG has had massive success lately. ARK's analyst has addressed BNGO vs Pacific Biosciences a few weeks ago. Deadnsyde has done ton's of research.
peep him on YouTube: www.youtube.com
Good fire sale that's been going on lately and I've been waiting to open a position. BNGO also recently had LEAPs added to it. Might attempt a "middle classed" covered call instead of the Poor man's covered call. Instead of a regular calendar spread, this version has more legs, costs more premium, requires more management, but has more protection overall in all directions.
You set this up with initially your long call leap (2022), then a long put (5/21) to protect against the potential downside. Then to hedge the a short call, you buy a call that is slightly further dated. It would be smart to attempt to buy the calls on red days like (2/22), and sell calls/buy puts on green days.
With my crayola set, honestly BNGO can keep dipping. I mean it could bounce off the lower Bollinger Band on the 4Hr, and maybe doing its Fib thing. But, in January it was still a pennystock LOL. It could definitely trade sideways for some time and all my short dated long calls would get raped by theta.
$BNGO can reach possible reversal point soon! Previous days, we saw massive correction on markets, that made BNGO follow overall market sentiment, which somehow made the stock change its direction from short-term price targets ( Targets which were strengthened by company news, technical indicators, trendline analysis, and Elliot waves analysis). During downtrend, stock reached its weekly support on EMA's and bounced back. For now we see possible reversal and breakout points to be watched. BNGO finished patenting its product and also acquired sales strategy and lots of positive news are dropped around it. Maxim analyst Jason McCarthy that was an early champion of the cytogenetics specialist, he believes the platform is in the early stage of its usage and its potential is only stating to be recognized, one month after he updated current trend price target to 14$ 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
BNGOIf we can stay between the yellow lines i will call that a win for now. Consolidation can be a good thing to build the base stronger.
$BNGO - covered callshow I make money while the market is down
strategy: buy hundred(s) of BNGO
sell a call for like $200-$300
buy it back for $150, keep the difference
people want BNGO calls. its working for me, so I’ll keep doing it
can swing between $8 and $12 in a day
a few lines to consider...nothing matters right now expect the 10YR and GME squeeze... Eric guides well next ER we should see at least a sustained share price of $10...
BNGO Potential long position around 12.00 supportBNGO broke below the 12.00 support today. Two possible scenarios now, the price further tanks but I would not expect it to dip below 10. I am personally expecting a bounce back after today's dip as:
Not much volume to justify downtrend strength
Stochastic shows oversold signal at support
RSI shows oversold signal at support
No strong downtrend indicator overall
But please keep in mind that the price already went up +2000% in the past 3 months, and that the pharma market took a little hit today.
Trade well!
BNGO possible entry at $10.82BNGO broke trend line today tell me that the short term is bearish. However Volume Flow Indicator is till very bullish. I'm looking for entry point at around support line at $10.82; a 10% discount from current price.
BreakOut? wishful thinking...brutal day for most stocks in general... can't have the good without the bad...
$BNGOCould see 11.11 double bottom, hopefully bounce off that. They have another talk on Wednesday. Love the potential of this company. I am long, and the dips are healthy. Earnings need to show us something to make that next leg in my opinion.
