BNGO trade ideas
BNGO - Where to Jumpthe topline coming down worked as a resistance several times. What we lack in this bearish move is where the real support is.
BNGO since the beginning of the year moved drastically up. Even now x6 YTD. So hard to guess where we will see a support.
Hence, I would like to see support line working 2 more times and we break the resistance line before jumping on the boat.
$BNGOA nice curl back up on the daily. With the good news today, i hope this trend continues. I's long on this and believe Q1earnings coming in may or june could be a boost to us. Would love this trade between the yellows again.
BNGO - Current situation BNGO: Okay friends. For me that was the lowest point for now. The GAP at 4.87 was touched in the pre marked. Unfortunately, this was not closed during the main trading hours...only touched. Well, a gap doesn't always have to be closed.
My current goals:
- close over 5.80 TODAY!!!
- 6.75
- 7.00
- 7.50!!! Main goal
When we have reached 7.50, I'll be talking about a nice uptrend again. You can see all the important zones in the chart. In the H1 chart a small W formation. If we close above 5.80 today it should attract even more traders
BNGO - Gap closeGap 6.10 was closed. Now the price is pushed down. The gap at 4.87 has not been fully closed yet. We will probably go to that area again. At least it was a positive signal ...
BNGO impulsive wave to start soon?Hopefully this will happen soon. Seems to have hit a strong support level.
$BNGOHoping for a reversal off this double bottom. I still think we have to see some more revenue from this company to really start the climb back up. I think they will have more revenue in Q1 of this quarter. They should report in June i think. 5.69 needs to hold strong or we will go lower. If we go lower 3's are possible. I'm long. Lets get through 2021-22 and i think we will be happy. Ive been in with an average of .63.
BNGO - Buy Setup Forming!BNGO is overall bearish (short-term) and since it is approaching a demand area in green, we will be looking for trend-following buy setups.
Before we buy, we want the buyers to prove that they are taking over again. You don't want to buy a bearish market right?
Our upper red trendline is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple)
Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone)
Meanwhile, until the buy is activated, BNGO would be overall bearish can still trade test the green demand zone or even lower.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
BngoI thought this guy would get a bullish breakout off that wedge. Unfortuently it failed obviously. Which is why we only entered if popped above 8.50$ which never occurred. I ran this guy in the past. Got support at 6.10 but ultimately I’m looking for a bounce off 4.80s. We will see tou
BNGO UPDATE (IMPORTANT!)Let's take a look at the details! All information without guarantee. ;)
Important levels:
Support: 6.33 if not holding - ; 5.44 if not holding- ; 4.87 if not holding- ; 4.19
Below are a few more gaps of 3 to 2.09 to 1.32 to 0.70
Ultimately, this levels are currently irrelevant. Because I always like to watch the here and now.
Today we are at a point where we would have the chance to get some movement upwards. The sales situation has calmed down. It remains to be seen whether we will see a normal countermovement that will be sold off again. The trend is downwards. You will surely notice that the way down is not as fast as the way up. (Topic for newbies) This is because certain support zones have to be broken where many buyers hang out. The clever thing about it is that we won't be able to make the way up so quickly, because the same applies the other way around. Where there used to be no resistance, now big resistance has built up.
But that shouldn't be a problem in 2022. Don't forget, we have gaps at the top and they will definitely be closed.
There is currently nothing to report on the intraday. Except that we have to go over the 7.50 so that you can see a little light on the horizon.
For fun I took another look at the Apple stock in the year 2008 ... most would have been afraid again!
I'll leave you alone with this thought and you might just take a look at the year 2008. Not that you come up with the idea of comparing Bngo with Apple, I just want to say that you have to think long-term. Bionano will have a very, very high value in the future!
BNGO - Current situationBNGO:
Weekly doesn't look good. We still have the chance to jump back into the wedge. This is called a spike.
Important downside support is provided by:
- 6.20
- 5.39
- 4.78
Basically, BNGO has to implement the business model and earn money with it. They are on the right track there. That's why I'm looking forward to the coming year.
Current situation:
Lots of people jumped on the hype at 11-15. They're currently selling. And one more small note: according to the volume, only small private investors are likely to sell here. Nobody presses from the top!
BNGO - 7$ retest?Wedge shape in the 4h chart - down potential up to 7$. Then there should be a UP or directly up to the top at approx. 7.75$. The low of March 5 should also have been the low of the year. Accordingly, the next move would be to break out of the wedge. But basically we are still in the downward trend with a stable lateral position :)
$bngoBroke ascending wedge. Let’s see how next week goes. Still long. I think we need a few more quarters with good earnings report. This could bounce around awhile. I’m fine with that.
BNGO - Possible buy zone for youCurrently in a downward trend + Triangle formation. Buy if we see a break through downward trendline!
$BNGO Descending Triangle$BNGO might show a trend continuation.
Information included in the graph.
NOTE: The information that's given by me is not a recommendation. The post is for educational purposes only.
BNGO - TREND CHANNEL H1 CHARTBNGO needs buyers so that the trend channel in H1 remains . Everyone who is engaged can build up a position now. But also keep an eye on the support at 7$ range. If we break UP we need to exceed 9.27$! If we break DOWN of the current channel and If the support does not hold at 7$ then 6,..$ support is waiting.
BNGO BiG TRIANGLE FORMATION...possible breakout in both directions. Watch closely and buy on distinctive AREAS!
BngoLooks like it’s getting very tight here could be trying to breakout here today. Upper resiatnce I’m looking for it to hold above is 8.50 200 ema.
BNGO round 2!!!!This play looks tempting ngl. NASDAQ:BNGO
Bionanon made very tasty returns so why not return. Price is near 0+/- ATR in keltner and if it closes above I will enter.
Last time I entered around $5 and avg'ED up till $5.6.
Took Profit around $14 but this chart looks promising.
Genomics is still an underrated sector and there are many supporters of its hot product -' The Saphyre system'
Let's see how this runs. Good luck
Entry - $7-$8 since it bottomed at $6.90. Set trailing SL of 15%.
TP - $9-$10, since it might test resistance and bounce back down. Great company but burns through cash, so some major hyped event would need to occur for it to retest ATH.
(Disclaimer this is not financial advice just my opinion)
