TheSignalyst

BNGO - Buy Setup Forming - Wait For It!

Long
NASDAQ:BNGO   Bionano Genomics, Inc
Hello everyone, if you like the idea, do not forget to support with a like and follow.

BNGO is sitting around strong 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
This analysis is done using RichTL indicator
http://www.RichTL.com

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Comments

@TheSignalyst very well done !!!! you are the boss !
+1 Reply
TheSignalyst rok_trader
@rok_trader, respect :D
Reply
Excellent setup, thanks. 🚀🚀
+1 Reply
TheSignalyst financialflagship
@financialflagship, amazing Alex thanks a lot :D
Reply
good work
+1 Reply
TheSignalyst roseolivia09
@roseolivia09, thank you Rose!
Reply
Great idea
+1 Reply
@Verum0, Verum :D
Reply
thanks bro perfect as usual
+1 Reply
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