chris.f.hedberg

BNGO- near term price movements

Long
NASDAQ:BNGO   Bionano Genomics, Inc
I'm in this name at $11 with a small position. Obviously the stock is running pre market, so this is where I anticipate $BNGO to move. Biden Administration could add fuel to the fire by giving them some $ to map COVID variants. Their tech either way is in increasing demand. From technical pattern.. we have a nice channel forming. $16 looks like resistance, depending on risk tolerance could be good to trim and re enter back at $12 to log a small gain. News sets us to break the channel. What do you all see? NOT advice, just what I see playing out!!!
Comment: closed position @15.50

will re enter on pullback to 12.5

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