BNGO trade ideas
BNGO - 8$ important target!Update on BNGO:
The second stroke was completed today. With that, all the unbelieving and unsuspecting should now have been flushed out. The first low at around $ 6 check👍 The second low at around $ 7 check 👍 Now it remains to be seen whether it is a normal correction in the downward trend or whether we will see a break. The H1 candle yesterday at the opening RED and today at the opening GREEN is for me a confirmation that the reverse mode is starting. This is 100% confirmed when the $ 8 is broken. In the weekly char two spikes as a double bottom . 4h Chart lower low & H1 Chart V reversal. For me there are no more goals downwards! with the 7$ everything was processed. I can't say more at the moment:)
BNGO - 8$ reversal confirmationUpdate on BNGO:
The second stroke was completed today. With that, all the unbelieving and unsuspecting should now have been flushed out. The first low at around $ 6 check👍 The second low at around $ 7 check 👍 Now it remains to be seen whether it is a normal correction in the downward trend or whether we will see a break. The H1 candle yesterday at the opening RED and today at the opening GREEN is for me a confirmation that the reverse mode is starting. This is 100% confirmed when the $ 8 is broken. In the weekly char two spikes as a double bottom. 4h Chart lower low & H1 Chart V reversal. For me there are no more goals downwards! with the 7$ everything was processed. I can't say more at the moment:)
$BNGOLooking for a low around $5.50 before reversal. I am holding long. The ATM offering which is to my understanding, i could be wrong, kinda like a shelf offering is spooking people. They will do it when they need it. I don't think it immediate right now. I am a long hold on this and looking for confirmation of bottom and reversal. Probably frustrating for the swing and quick flips. Hold through another couple quarters and see how it does.
$BNGOQ4 Earnings i believe have justified the trading channel with good support around $7.70ish. Broke the ascending triangle but could be a move above 9 in the short term. Could go higher if others are paying attention. 2021 could see steady growth with covid subsiding. Still love this one long term.