Potential support at 5. Explosive play, with support at 5. Be aware of the decending triangle forming on weekly chart.
BNGO trade ideas
BNGO Downtrend BreakoutThe Motly Fool just came out with a nice article on this stock
The Motley Fool noted that Bionano Genomics’ non-sequencing-based optical mapping technology known as the Saphyr System was designed to rapidly characterize extremely long strands of genomic DNA. And the company recently acquired leading genomics data analysis software company BioDiscovery. This acquisition could be a “game-changing business development move for the company and its shareholders,” says The Motley Fool report.
It was a perfect time to cause a downtrend breakout and kick off a rally.
It's kind of messed up how publishers can manipulate stocks like this but such is the game.
Save half for a buy in on a dip to test the top of the trendline.
Targets $9 , $12 , ATH+
BNGO -- How about 5-10x by EOY?If the fractal plays out, Bionano could be in for some Q4 fireworks. Worth a punt!
Bionano wyckoff Looks like bionano could see some explosive growth soon due to a strong accumulation pattern
BNGO ready for a breakout?Bionano Genomics, it is in the field of gene sequencing.
The company`s product, Saphyr, uses optical genome mapping to help detect structural variations in gene sequencing.
Bionano recently acquired BioDiscovery for $100 million, which is a leader in clinical software production.
The acquisition may facilitate adoption of the Saphyr system, in $4 billion market segment.
I see a strong support at this level and an upside, according to BTIG Research of $10 per share.
$bngo inverse head & shoulders inside falling wedge Looks very bullish
Inverse head and shoulders
Falling wedge
Closed with a hammer on trendline indicating reversal
BNGO - Wait For The Trigger!Hello everyone, if you like the idea, do not forget to support with a like and follow.
BNGO is approaching a support area so we will be looking for buy setups on lower timeframes.
on H1: BNGO formed a valid channel in red and a reversal pattern. But it is not ready to go yet.
Before we buy, we want the buyers to take over.
Trigger => Waiting for a momentum candle close above the gray area to buy.
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 - I like everything about this set upBNGO has a great run with other small caps last year. It has not been able to push past this trendline but hopefully this time it does. Be smart with your stops. I bought the $6c 11/19 expiry. RSI looks great and the consolidation to this point should allow it to push forward past this resistance at $5.5. Disclosure - while I own those calls, it has a terrible 2 out of 10 ranking from Thompson Reuters. Anything 3 and under I cannot buy for clients. GLL!!
BNGO - Potential Bullish Reversal!Hello everyone, if you like the idea, do not forget to support with a like and follow.
BNGO is approaching a support area so we will be looking for buy setups on lower timeframes.
on H4: BNGO is forming a channel in red but the 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 analysis weekly and monthlyBNGO, unsure of where it is headed next. Looks like a wedge pattern is forming. Could break out and go up or break down and keep heading down
$BNGO --- patiently waitingLove the stock and the company so got nothing else to do but wait this out. Holding about 20k shares.
Short-term PT --- R1 $6.53 R2 $6.72 R3 $7.63-7.67 ... Near-term PT ~ $13.52 ... Long-term PT ~ $40-60 (let's settle on $50).
Let me know what you guys think.
BngoLong shot here. Could
Be a double bottom. Worth a swing trade setup with stop below 5.04. I’m buying for a long swing.
BNGO - Time to shoot up!Hey everyone,
I hope you are doing fantastic!
$BNGO has presented us with an amazing set-up inside a channel.
We are currently sitting at the bottom of it and we have 2 TP ($8 and $10)
An amazing Risk-Reward with SL just above the channel.
I wish you all happy trading!
BNGO - Potential Bullish Reversal!Hello everyone, if you like the idea, do not forget to support with a like and follow.
BNGO is approaching strong daily 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 possible move to the upsidejust now
Breakout from triangle formation, but rejected by bearish channel and currently testing the top of the channel. Also very strong resistance from May in 6. 01 holding the price down. Last time price broke through this resistance it rose to resistance i 9.10. With strength from the triangle formation breakout, it's possible that price can overcome the two resistances and yet again test the resistance in 9.10, This is an increase of 50%. However it's possible that price will fail and fall back to the bottom of the channel, this is a possibility to get in at a lower price, however it is not sure that i will break out of the channel. On the weekly chart there is a flag formation forming and price could possibly be rejected around 6.60, fall back to the support of the flag, and then possibly break out. Safe position will be when price breaks flag formation on the weekly and a more risky entry will be when price breaks out of the channel on the daily.
BNGO - Potential Bullish Reversal!Hello everyone, if you like the idea, do not forget to support with a like and follow.
BNGO is approaching strong daily 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 - CHART UPDATEBNGO: everything above 4.29 is bullish. GAP fill is still possible. Trading below 5.35 --> focus on gap fill. Trading above 5.60 --> Target 6 USD. 5.50 is our new support & a possible bounce zone. Very hard to give exact price targets in the daily trading of small caps with low volume. Therefore I only give fewer updates for BNGO. Otherwise it could confuse some people;)
BNGO - Where we going to?With the recent publication of Bionano in the book Cytogenomics, we can take a look on the graph.
Link -> twitter.com
We are in a critical point, but I think this news will be key to resist and pull up.
It will be interesting if we have a higher low on August 16 than on the 13th. If that news isn't transcendent with the price, the natural movement is going to close the flag.
If the news affects the price favorably I think we will go to test the 7$.
Wth the volatility that this stock has, I think that the Pre Market on Monday 16th will be very important as I think that it will move to a higher level.
They could put it at 7$ and during the week make it go down to close the GAP over 6$ and then start to go up.
Yellow Ascendent Line -> Hard Support that if it breaks it would be very dangerous
Red lines -> Possible bullish channels in which the price will be placed
Green lines -> Possible resistances that we will find and will be difficult to break
Good luck!
BNGO - Critical BaseIf we do not bounce back from 5.34, we will be on freefall till 4.20s....I will wait for overall trend to turn around.
short term I am short, if we break the upperline of the triangle, I will start opening position.
BNGO do you still love me???Does BNGO still loves us? Why doesnt it just says so?!?
Should we simply ask? Or wait it to show us?
Omg what to do....
I think it really does love us! Just be confident in yourselfs and be patient!
