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(BNGO 1M chart)
It is renewing its low point by falling below the HA-Low indicator point of 6.49.
Touching the HA-Low indicator point means that there is a high possibility of forming a low point.
A...
BNGO has shown very negative performance, as this chart will demonstrate.
Using the Cloud Trend Pattern Method has not yet shown an entry position, however this could soon revert.
Keeping this one on my watch list for a possible +300% Upside, but as all Pharma will need a Catalyst.
As always please get a few expert's advice before making any Trade or Investment...
Strong Support: BNGO presents a buying opportunity.
Market Structure: The weekly chart shows the completion of impulse waves 1, 2, 3, 4, and 5, and now we are entering correction waves ABCD.
Stop Loss: Set at the Fibonacci extension of 127.2 (equivalent to $1.10).
Profit Targets: Fibonacci Retracement between 0.5 ($10.7) and 0.618 ($13).
First Target: $10....
BNGO offers a strong buying opportunity with an anticipated price surge.
Market Structure: The 2W chart reveals a completed bullish butterfly pattern XABCD.
The yellow circle highlights the three instances of price explosions.
Fibonacci Retracements:
* X to A at 0.786 for point B
* A to B ranging between 0.382 and 0.886 for point C
* X to A at 1.272 for point D,...
BNGO 15min trendline, breakout bearish pennant w/measured move $0.5954. $2.31 is next resistance and target price before continuation of correction. Correction to $0.47-$0.55. Retracement back to $2.31.
Bionano Genomics, Inc. is a life sciences instrumentation company, which focuses on the genome analysis space. The firm engages in the development and marketing...
Bionaro Stock is down +-90% in 1 Year.
Clearly a mismanaged Company from the market sentiment valuation.
Can they give the market a surprise similar to other MEDICAL type Genome Stocks?
To date there has been little information released on any marketing or social media, so we will have to wait for now.
However - should they release positive information, this stock...
Bngo appears to be nearing the end of it’s sequence. Last time this happened, it squeezed significantly. I see gaps going to around 11.50. There has also been some recent insider buying which hasn’t happened since before the last time it squeezed. I am seeing a break within the next few weeks to 2 then my targets will be 6 and 11. This is a low risk/high reward play.
i enter long position @ 1.50$
TP 2.20$
SL 1.35$.
the reason is simple. I found bullish order block at this zone and the bearish order block obv. is at 2.20$ zone.
Good luck :)
test
Bionano Genomics, Inc. is a life sciences instrumentation company, which focuses on genome analysis space. The firm engages in the development and marketing of Saphyr system, a platform for ultra-sensitive and ultra-specific structural variation detection that enables researchers and clinicians to accelerate the search for new diagnostics and therapeutic...
I got in at an average price of $1.81. The reason was that after a significant decline --> it broke out the bottom --> retraced back. I think we might be able to see $17 (in a long-term).
Trying to keep this as imple as possible and adding perspective.
Bullish:
- Scarce or none bearish presence from the 0.5-1 level
- Gargantouan rally springing from that level with convergent volume
Bearish:
- The depth of the downtrends denotes that although the bears are shy but strong when stepping in from the 9-11$ price range.
Any prominet set up...
NIce consolidation from May, nice round bottom. Volume above average.
Above 200 MA.
Nice move today. Looks like a breakout form a textbook. (Almost. The earnings were not that perfect, but this is a biotech, and maybe it's not that relevant)
Small position.
