BNGO trading in a triangle with lower highs and higher lows
Updated
BNGO has broken the trend and is consolidating inside this triangle with lower highs and higher lows. Who will win?
My bet is on the bulls. Lately a lot of positive news and academic results about the Saphyr machine have been coming out in rapid succession.
When the triangle trade is done (around end of next week), I expect a jump towardsd 18-20$. This stock is a long term hold.
My bet is on the bulls. Lately a lot of positive news and academic results about the Saphyr machine have been coming out in rapid succession.
When the triangle trade is done (around end of next week), I expect a jump towardsd 18-20$. This stock is a long term hold.
Note
Will catch up with the old trendline this week and break out above that.
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