$BNGO another stock on my watchlist. Touched weekly support and bounced.
Looking to catch the bottom and confirmation of reversal only if we can reclaim $4 and hold. Slowing momentum on the daily chart as well.
Set alerts over $4
Swing targets: 4.15, 4.3, 4.56,
Puts if $4 cannot hold
NASDAQ:BNGO
Hello all, short article today about the play of Supply and Demand on BNGO. My current positions as always will be listed at the bottom of the page.
The laws of Supply and Demand suggest that the two are inversely related, When supply increases demand decreases and vice versa. When looking at BNGO we have seen a steady decline in price over the last...
NASDAQ:BNGO
TVC:RUT
EASYMARKETS:NDQUSD
In my previous articles I have talked about the fundamentals of BNGO and how I believe it is a strong company in the long term. For this reason I am choosing to hold a long position on BNGO. I added more shares at $4.00 today, increasing my long term holdings, and ability to sell covered calls. I trust that management...
NASDAQ:BNGO
Has the down trend of BNGO finally come to an end? I am not one who believes in the reading of charts, I do understand the basis behind it though. The idea that humans exact in a certain way consistently, thus the charts should react in a similar way. I do not believe this is how people should invest, but I do understand the human tendency behind it....
NASDAQ:BNGO
As the BNGO struggles continue well into the third week of November 2021, what are the takeaways, and what should investors plan for the future?
The Underlying
The company is on track to do at least $15 million in revenue over each of the next five years, the EPS will be cut down to the break even point very soon. The company is currently holding...
NASDAQ:BNGO
What in the world is going on with BNGO? It seems as if no matter the news the stock goes down. For a company that is set to record their highest earnings ever, the stock movement does not reflect that. For smaller cap stocks this common, stock pumps, hedging, shorts; all play a role in the price. Why is the stock going down? Earlier this year...
BNGO has had its fair share of troubles in the last few months, the stock was pushed during the meme stock pump and dump phase earlier this year. What's next for BNGO?
BNGO is by no means a short term hold, the company has been working hard in the industry to provide advancements in OGM (Optical Genome Mapping). Although holding a $1.48B market cap, with a 52...
The Motly Fool just came out with a nice article on this stock
The Motley Fool noted that Bionano Genomics’ non-sequencing-based optical mapping technology known as the Saphyr System was designed to rapidly characterize extremely long strands of genomic DNA. And the company recently acquired leading genomics data analysis software company BioDiscovery. This...
Bionano Genomics, it is in the field of gene sequencing.
The company`s product, Saphyr, uses optical genome mapping to help detect structural variations in gene sequencing.
Bionano recently acquired BioDiscovery for $100 million, which is a leader in clinical software production.
The acquisition may facilitate adoption of the Saphyr system, in $4 billion...
Hello everyone, if you like the idea, do not forget to support with a like and follow.
BNGO is approaching a support area so we will be looking for buy setups on lower timeframes.
on H1: BNGO formed a valid channel in red and a reversal pattern. But it is not ready to go yet.
Before we buy, we want the buyers to take over.
Trigger => Waiting for a...
BNGO has a great run with other small caps last year. It has not been able to push past this trendline but hopefully this time it does. Be smart with your stops. I bought the $6c 11/19 expiry. RSI looks great and the consolidation to this point should allow it to push forward past this resistance at $5.5. Disclosure - while I own those calls, it has a terrible 2...
