BNGO BreakoutWe accumulated shares of BNGO in this stage 1 sideways movement. Looking for a breakout continuation. Broke the 20 SMA last week.
BNGO trade ideas
BNGO UPDATE important technical aspects:
The wedge formation is currently relevant for me. I'm not looking at more at the moment.
The following levels are important:
- H1 close above 6.20
- Trading above 5.49
- 6.50
If we break out to the downside, the wave (ii) in orange could reach a new low. That would be all ok as long as we stay above 4.29!
Focus is on the wedge formation. I’ll watch closely and will give an update if necessary.
BNGO BREAKOUT $12BNGO is breaking out and headed up in the ascending channel, look for $12 as a moderate pt
will BNGOs chart history repeat itself here? lets see ! :) hello everyone, we have seen this BNGO chart do this exact same pattern earlier this year. higher low followed by downtrend breakout which sent us on a little bullish run. looks like another higher low is being made which shows bulls are still in control for now. the final confirmation we need is the downtrend channel breakout. very close... on watch for some share scalps. good luck! leave a like and follow for more ideas <3
I'm on the sideline looking for a tradeIt's technically still on an uptrend with consolidation. August tends to be a volatile month for biotech.
Trend(OBV) uses True Strength Index to analyze "On-Balance-Volume", which measures buying and selling pressure as a cumulative indicator.
Horizontal lines and zones are supports (entry for bulls and exit for bears) and resistances (exits for bulls and entries for bears).
Diagonal lines from Fib fans are for trend-determination and additional levels for active trading.
The market is actively moving so the entries and exits for this type of meme stocks constantly change. Trade small if you want to practice!
BNGO - Potential Bearish 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
PATTERN DETECTED2 DIFFERENT STOCKS, SAME PATTERN, NO SIMILARITIES
THE SQUEEZE HAS NOT SQUOOZE
BB 50$+
GME 620$+
GEVO 40$+
BNGO 23$+
MYCO 2$
BLIN 500$
BSQR 145$
$BNGO | Bull Flag at Structure$BNGO formed a bull flag on top of a clear structure level @ $6
Can see an aggressive bounce to the upside if price holds above the pivot
Watch for a breakout of the flag structure & $7 level as bullish confirmation
Initial Targets: $7 | $8 | $9
BNGO coulg BINGOOO!as always. i dont say much.
But i can tell you that what i share. it take me weeks before i consider a buy!..
what i share i own..
not financial advise..
Just Stone saying safe al!..
L Von Stone...
$BNGO | Bullish Falling Wedge [8/20 $10 Calls @ 0.63]$BNGO broke out of a bullish falling wedge pattern. If structure holds we should see continuation to the upside.
Target 1: $9
Target 2: $10
Position: 8/20 $10 Calls @ 0.63
Bionano Genomics - BNGO - Trending higher?Bionano Genomics - BNGO - Trending higher? B-I-N-G-O! Above 61.8 fib and Moving Averages
My View on BNGOPrice entry and target on the chart. Stop loss below $7
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This is not financial advice. I'm not a Financial Advisor.
Trading is a high risk, do your own DD.
Let me know what you think
Cheers, I would share all my thought next time.
PEACE.
2 cup&handle combined, give long term forecastMedium & long term interpretation ( bullish view). Short term 12, later on 30+ before end ot year
BNGO - GAP FILL DONE"There are currently no clear chart signals.
On the one hand, we have the gap at 6.87. On the other hand, we have solid support at 7.50.
The following applies:
I would like to fill the gap. But that is not a must have. However, if we don't fill it, it acts like a magnet. A break below 7.50 would give an initial signal that the market would fill the gap. We have to close above 8.20 and build strength there. Then the probability of the gap fill scenario decreases."
A few weeks ago I mentioned that the probability for a gap fill is high. AND HERE WE GO!
Targets above:
$ 9.00
$ 10.46
--> ATH $ 15.66- 20$
BNGO - close above 8 = bullish signalClose above 8 USD would be a strong signal. Then we can attack 8.20 & my fibo targets above again! If we continue to go down slowly & and see price action below 8$ the probability for a gap close increases (6.87).
