Bionano
Short Term - We look to Sell at 1.78 (stop at 2.04)
Preferred trade is to sell into rallies. The trend of lower highs is located at 1.85. Our outlook is bearish. We have a 38.2% Fibonacci pullback level of 1.80 from 2.84 to 1.18. Bespoke resistance is located at 1.85.
Our profit targets will be 1.18 and 1.01
Resistance: 1.85 / 2.50 /...
Bionano Genomics - Short Term - We look to Buy a break of 2.52 (stop at 2.25)
A break of yesterdays high would confirm bullish momentum. Posted a Double Bottom formation. The measured move target is 3.36. We look for gains to be extended today.
Our profit targets will be 3.13 and 3.30
Resistance: 2.50 / 3.00 / 4.00
Support: 2.00 / 1.70 / 1.50
Disclaimer –...
BNGO is now finally near 52 week lows. So how much lower will it go? Currently we would need to see a 32% jump to confirm a reversal in price movement. This could come next week during the 2022 Symposium.
Current Options Positions
Short Calls - Strike 5.00 @ 1.21, 21-01-2022
Long Puts - Strike 2.00 @ 0. 05 , 21-01-2022
Short Calls - Strike 6.00 @0.21,...
NASDAQ:BNGO [/symbol
With recent news, the future is looking good for BNGO. Biden signed ALS Law, this will result in $100m a year going into R&D for therapeutics and treatment; for ALS. Mayo clinic, a ALS Clinic, is already using BNGO. As well there is a projected 1500+ attendees at the moment for Symposiums2022. With pictures of the new system set to come out...
bngo stuck in this downtrend channel with no signs of a breakout anytime soon.. unfortunately that has been the case for most penny stocks this year, many of them wont rally back to highs for a few years.. thats if they even end up coming back.
l'd consider a long position if it broke top trendline resistance.
but for now we can clearly see lower highs...
NASDAQ:BNGO
Although anticipating the start of an uptrend is no easy task, BNGO appears to finally be flat. The weeks leading up to the release of their 10-K should trade within the $3.00 - $4.00 range.
Current Options Positions
Short Calls - Strike 5.00 @ 1.21, 21-01-2022
Long Puts - Strike 2.00 @ 0. 05 , 21-01-2022
Short Calls - Strike 6.00 @0.21,...
$BNGO I like. Look for be building a base after a big drop. Looking for the DBD or DBR. Nice pattern here.
Long over break and hold of top trend line/ Pivot at $3.41
Short below 3.16
Until $3.41 breaks I will only be watching this. Big target still remains $4. Patience will pay here.
Keep in mind we are sitting at a weekly support level so I expect a big...
NASDAQ:BNGO
BNGO has seen a steady decline over the last 8 months, you can read my past articles for the reasoning for this.
I believe we have now found our fair value of this company. the stock has been steadily holding the $3.00 line for the last one and a half weeks. It has as well been hovering around the oversold (30) on the RSI index. After bears have...
NASDAQ:BNGO
With the entire market red today, it is no surprise that BNGO was down. But I see some positives here. BNGO typically has seen enormous drops when the market is red, I relate this to it's high beta (1.87). Today however, BNGO did not see a dramatic drop, instead it stays near the $3.44 to $4.29 range. As I previously mentioned, I think it is...
NASDAQ:BNGO
Well here we are...In my previous articles I have discussed the long term outlook and the short term outlook of BNGO. For the short term I have been right thus far. I want to talk about a few key factors in the last few days. Many investors have noticed price manipulation in stocks, BNGO included. There is a government investigation going on...
NASDAQ:BNGO
OANDA:US2000USD
BNGO down 5.63%...time to panic? Absolutely not, after the rally of small caps over the last two days, it is expected to see a pull back. Short term traders are locking in profits, and volatility was low today (only 5.6Mil). I expect to see the climb of BNGO through the holiday season.
Current Options Positions
Short Calls -...
NASDAQ:BNGO
Wow...What a tremendous day for BNGO. What's causing this sudden price spike? Are Investors pouring back into the company? Are we seeing a pump? BNGO has been oversold since November 22, 2021, finally it appears that the bleeding is over. Now investors should not get to excited, with the steady decline over the last 8 months, this could just be a...
NASDAQ:BNGO
As previously discussed, the long term outlook for BNGO is magnificent. With strong financial management and a revolutionary product, the company is set to break the BioTech industry. So why is the stock doing so poorly in the short term? The company has done very little in sales and has not marketed itself well. It is as simple as that; until the...
SELL, SELL, SELL!
Entry: 3.34 USD
Target: 1.57 USD (profit +50%)
Stop: 4.16 USD
Bionano Genomics, is a genome analysis company. It offers instruments based on their Saphyr technology to scientists and clinics doing genetic research.
1.) Even at its current price, Bionano is an expensive stock.
Sales for the first three quarters of 2021 were up 250% from a...
