BNGO trade ideas
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 $7 target, insider activity has also been very heavy within the past week, and i expect to see this trading much higher in the coming months with this breakout.
BNGO wants to go upBNGO quick update:
Still in a range. 5.75 are still an obstacle. 5.80 has to be broken in order to reach 6 USD (trend reversal). 5.60 were broken today as an important obstacle! It looks like bngo wants to go up;)
BNGO - consolidationBngo is still consolidating. 5.30 USD acted as support. I mentioned this level as the support zone in the last analysis. So far everything is going according to plan. Some consolidation is possible now. The goals are still up to date :)
BNGOBNGO:
A small H&S structure has formed in the chart. 5.80-5.85 resistance. We could touch the Fibo at 6.62 or complete the H&S pattern at 5.33. Target is still to pass 6$ :)
BNGO (need to watch after hits target 6.30) two waysBNGO (need to watch after hits target 6.30) two ways
$BNGO Follow up, breakout from the downtrendBNGO showing a strong breakout from this range, expect this move much higher target near $7
BNGO - Buy Setup Forming - Wait For It!Hello everyone, if you like the idea, do not forget to support with a like and follow.
BNGO is sitting around strong support in green so we will be looking for buy setups.
Before we buy, we want the buyers to prove that they are taking over again. You don't want to buy a bearish market right?
on H1: BNGO is forming a channel in red but our upper trendline is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple)
Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone)
Meanwhile, until the buy is activated, BNGO would be overall bearish can still trade lower.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
BNGO UPDATEHey guys. 6 USD zone is crucial. Target for the next days: We need to pass this zone for a trend reversal.
BNGO BUY/LONG 4.40 to 19.50 by end 2021 TICKER CODE: BNGO
Company Name: Bionano Genomics, Inc.
Industry: Healthcare | Biotechnology | USA
Position Proposed: BUY
Technical Analysis
1. Falling Wedge / Pennant (Forming)
2. Fibonacci Retracement at 0.786 ( Silver Zone)
3. RSI Reached OVERSOLD
4. 1st Take Profit will be at Fibonacci Expansion Safe Take Profit and Flagpole Length
Entry: NOW READY (4.40)
1st Partial Take Profit: 19.50 (August-November 2021)
2nd Take Profit: 29.00 (Mid 2022)
BNGO Fractal Harmonics: Exit StrategyHere, please see the power of the fractal harmonic. Having garnered an entry at 4.30, I am now setting sights on 8.95. For safety from fast wickage, I will set my limit sell at 8.90. Good luck and trade safely~!
I was there Gandalf... 3000 years ago when BNGO was 50 cents..So when BNGO was 50 cents I realized that it was doing a silent accumulation and with a name like Bionano Geonomics, how could I go wrong I thought?
well, selling at 55 cents is how I went wrong. i thought i was slick with my couple percent profit. selling in the bear trap.
As always, BNGO is being shorted, and was accumulated by none other than Cathy Wood.
I think we are due for a breakout, but I wouldn't count on it. shorts are fierce and its in mark down phase. i would say expect to see 3$, even 2$ some day before the next crazy climbs but who knows you could get lucky! someone could come along and be like BINGO!
Long targets on this in the 60-100$ range as this was the first accumulation, I would say this is a Bear trap on the very large scale. (5 years or 10 years) expect BNGO to be around for some time. not sure exactly how long, but long.
Short target: 2$
Medium target 7$
Long target 60$
BNGO - my targetsWe started the day with a huge gap up (4,44$). My next targets are marked in the chart. The bounce zone did a nice job and the chart clearly shows in the right direction. Have a look at my last related idea. There i posted my opinion on the current situation.
Here again for you:
Many have asked me about an entry. But I cannot make the decision to buy for you. Either you believe in the company or you don't :slight_smile: Always ask yourself one thing: If you were ready to buy in the hype of the stock (at 10 for example), why not buy at low prices? It's not about the perfect entry. It's about a long position that you will hold for several years. 2022 Q4 is key !!!
I don't do my technical analysis to trade bngo . Anyone who actively trade with such a stock can also look for something better. That is unprofessional and far too dangerous. You can trade better in other areas. What I mean by that: the perfect entry does not play the decisive role here. This is more relevant in active trading, where technical analysis is the key.
In my opinion, the 4-5 is our bounce zone. I've always preached that. A gap fill at 3.12 is possible, but I don't see it coming. Because: the fundamentals are promising and the current price is absolutely okay!
Have a nice day and invest wisely;) You should enter when the fear is strongest. That is my opinion and should only serve as a guide.
BNGO - my opinionHey:) Many have asked me about an entry. But I cannot make the decision to buy for you. Either you believe in the company or you don't :slight_smile: Always ask yourself one thing: If you were ready to buy in the hype of the stock (at 10 for example), why not buy at low prices? It's not about the perfect entry. It's about a long position that you will hold for several years. 2022 Q4 is key !!!
I don't do my technical analysis to trade bngo. Anyone who actively trade with such a stock can also look for something better. That is unprofessional and far too dangerous. You can trade better in other areas. What I mean by that: the perfect entry does not play the decisive role here. This is more relevant in active trading, where technical analysis is the key.
In my opinion, the 4-5 is our bounce zone. I've always preached that. A gap fill at 3.12 is possible, but I don't see it coming. Because: the fundamentals are promising and the current price is absolutely okay!
Have a nice day and invest wisely;) You should enter when the fear is strongest. That is my opinion and should only serve as a guide. PEACE OUT!
BNGO - This is our big bounce zone4,00 - 5,10 USD is our strong support. Everything below is bearish territory with open gaps (3,12 USD). I`ll keep you up to date;)
