TheTravel1ngTrader

$BNGO #stock forming a textbook bull flag. Strap in 🚀

NASDAQ:BNGO   Bionano Genomics, Inc
BNGO ( Bionano Genomics ) is forming a textbook bull flag . This comes on the heels of a share offering, which is important. Share offerings dilute the value of the stock in the short term, but if general sentiment remains bullish , provides a buying opportunity for a takeoff after the retracement. Well, now we also have a bullish continuation pattern in the form of a bull flag , which sets us up beautifully because we don't have to guess. We can wait for a breakout or a rejection here. If we get rejected I'll be laddering my buys from $4.50 to $3.50. More prudent traders can just wait for a breakout or a breakdown of the pattern without even buying.

It's all about not navigating these waters blindly. Patterns are our north star in this brutal game.

Immediate targets in the case of a breakout are $7, but due to all of the fundamentals around this company I believe double digits is inevitable.
Trade active: BNGO broke out of the bull flag perfectly. Going back to $7 at least in my view.
Trade active:
This flag could've literally been in a text book. Hopefully you guys entered the trade. Massive profits today fam 💪🏽
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Comments

For someone who doesnt have a position in BNGO and missed the dip, should they enter now before the breakout? Or perhaps buy some now and some after breakout/breakdown?
+10 Reply
Thanks for that, very nice.
I missed on BNGO but don´t want to FOMO into to it.
Keep up the good work.
+2 Reply
@Benson_KL, thanks Benson
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Been holding BNGO strong since 3.35, lots more room for growth! Loving the YouTube content as well!
Reply
Watched BNGO shoot up by Friday, nice read and thanks for sharing!
Reply
@RackUp, appreciate you 💪🏽
Reply
Any insight on why it is so volatile? Was down 5% and now up 5% in one day
Reply
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