7.00 check. Now we can attack the 7.50 and start a new uptrend.
Bionano Genomics - BNGO - Stock - Time to load up? - 100% gain potential with patience. We will see?
the topline coming down worked as a resistance several times. What we lack in this bearish move is where the real support is. BNGO since the beginning of the year moved drastically up. Even now x6 YTD. So hard to guess where we will see a support. Hence, I would like to see support line working 2 more times and we break the resistance line before jumping on the boat.
BNGO: Okay friends. For me that was the lowest point for now. The GAP at 4.87 was touched in the pre marked. Unfortunately, this was not closed during the main trading hours...only touched. Well, a gap doesn't always have to be closed. My current goals: - close over 5.80 TODAY!!! - 6.75 - 7.00 - 7.50!!! Main goal When we have reached 7.50, I'll be talking about...
Gap 6.10 was closed. Now the price is pushed down. The gap at 4.87 has not been fully closed yet. We will probably go to that area again. At least it was a positive signal ...
BNGO is overall bearish (short-term) and since it is approaching a demand area in green, we will be looking for trend-following 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? Our upper red trendline is not valid yet, so we are waiting for a new swing high to form around it...
BNGO: Weekly doesn't look good. We still have the chance to jump back into the wedge. This is called a spike. Important downside support is provided by: - 6.20 - 5.39 - 4.78 Basically, BNGO has to implement the business model and earn money with it. They are on the right track there. That's why I'm looking forward to the coming year. Current situation: Lots...
Wedge shape in the 4h chart - down potential up to 7$. Then there should be a UP or directly up to the top at approx. 7.75$. The low of March 5 should also have been the low of the year. Accordingly, the next move would be to break out of the wedge. But basically we are still in the downward trend with a stable lateral position :)
Currently in a downward trend + Triangle formation. Buy if we see a break through downward trendline!
BNGO needs buyers so that the trend channel in H1 remains . Everyone who is engaged can build up a position now. But also keep an eye on the support at 7$ range. If we break UP we need to exceed 9.27$! If we break DOWN of the current channel and If the support does not hold at 7$ then 6,..$ support is waiting.
possible breakout in both directions. Watch closely and buy on distinctive AREAS!
the most important points summarized
BNGO dares to approach 8 again. This should be confirmed first so that another upward movement can occur!
After yesterday's difficulties, BNGO has shown some recovery in the chart. My goal is still 8$. The 7$ support must hold! Otherwise we could see lower prices again.