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DenAlmindeligeFar
Nov 10, 2021 6:56 PM

Potential support at 5.  

Bionano Genomics, Inc.NASDAQ

Description

Explosive play, with support at 5. Be aware of the decending triangle forming on weekly chart.
Comments
glapo
this is painful to watch hopefully it makes a move up, soon.
DenAlmindeligeFar
@glapo, If it breaks the 5 support, you might face a further downtrend.
glapo
@DenAlmindeligeFar ya, for sure. seems like a solid floor at that 5 level. idk, just waiting I guess... what are the chances this company gets bought out? cuz they are a small company in this space.
DenAlmindeligeFar
@glapo, not sure tbh. But I think it's pretty rare companies like this get bought. Atleast until they suceeed with more projects / pipeline.
aliahmedama2000
do you think it'll bounce or fall through the triangle atm?
DenAlmindeligeFar
@aliahmedama2000, I think the support at 5 is strong enough to keep it above. Maybe just a consolidation around 5 until next run.
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